Shareholders Foundation, Inc.

Investor Files Lawsuit Against Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR)

A lawsuit was filed on behalf of investors in Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) shares over alleged securities laws violations. Deadline: March 17, 2014. NASDAQ:AEGR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (ReleaseWire) -- 01/21/2014 -- An investor, who purchased shares of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR), filed a lawsuit in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by Aegerion Pharmaceuticals, Inc. in connection with certain allegedly false and misleading statements made between March 15, 2012 and January 9, 2014.

If you purchased shares of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR), you have certain options and for certain investors are short and strict deadlines running. Deadline: March 17, 2014. NASDAQ:AEGR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554

According to the complaint the plaintiff alleges on behalf of a all persons or entities who purchased or otherwise acquired securities of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) between March 15, 2012 and January 9, 2014, that Aegerion Pharmaceuticals, Inc. and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Aegerion Pharmaceuticals Inc’s products include JUXTAPID (lomitapide) capsules, an adjunct to a low-fat diet and other lipid-lowering treatments in patients with homozygous familial hypercholesterolemia.

More specifically, the plaintiff claims that the defendants made allegedly false and/or misleading statements and/or failed to disclose to Aegerion Pharmaceuticals, Inc.investors that Aegerion Pharmaceuticals, Inc.marketed its drugs in violation of the FDCA, that as a result, Aegerion Pharmaceuticals, Inc.faced heightened regulatory scrutiny by the FDA and other governmental bodies, and that as a result of the foregoing, Aegerion Pharmaceuticals Inc's statements were allegedly materially false and misleading at all relevant times.

On March 15, 2012, Aegerion Pharmaceuticals, Inc. filed its annual report with the SEC. On March 18, 2013, Aegerion Pharmaceuticals, Inc. filed its annual report with the SEC. Aegerion Pharmaceuticals, Inc.’s Net Loss increased from $12.20 million in 2009 to $62.27 million in 2012. Nevertheless, shares of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) grew from $12.04 per share in April 2012 to as high as $97.24 per share in October 2013.

Then in November 8, 2013, news reports revealed that Aegerion Pharmaceuticals, Inc. received an FDA Warning Letter (the, "Warning Letter") in connection with statements the Company's CEO made regarding JUXTAPID capsules, during broadcast interviews on CNBC's television show, "Fast Money," that aired on June 5, 2013, and October 31, 2013.

Then on January 9, 2014, Aegerion Pharmaceuticals, Inc. reported its preliminary 2013 Net product sales, its outlook for 2014 and other business updates. Among other things, Aegerion Pharmaceuticals, Inc. announced that it has received a subpoena from the United States Department of Justice, represented by the U.S. Attorney’s Office in Boston, MA, requesting documents regarding the Company’s marketing and sale of JUXTAPID in the U.S.

On January 17, 2013, NASDAQ:AEGR shares closed at $62.51 per share.

Those who purchased shares of Aegerion Pharmaceuticals, Inc. have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com