
MLTX Investors Alert: MoonLakeâŊImmunotherapeutics Faces Securities Fraud Lawsuit â Deadline DecemberâŊ15
âĒBy ADMIN
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A leading securities law firm, Bleichmar Fonti & Auld LLP, has announced that a classâaction lawsuit has been filed on behalf of investors of MoonLake Immunotherapeutics, Inc. (NASDAQ:âŊMLTX) and certain of its senior officers for alleged violations of the U.S. federal securities laws.
The complaint, filed in the U.S. District Court for the Southern District of New York (captioned Peters v. MoonLake Immunotherapeutics, etâŊal., No.âŊ1:25âcvâ08612), asserts claims under SectionsâŊ10(b) and 20(a) of the Securities Exchange Act of 1934. Investors in MoonLake common stock who suffered losses have until DecemberâŊ15,âŊ2025, to seek appointment as lead plaintiff.
According to the filing, MoonLake â a clinicalâstage biotechnology company developing therapies for inflammatory diseases â touted its Pipeline, including the PhaseâŊ3 âVELAâ trials of sonelokimab (SLK) for hidradenitis suppurativa, as separated by its âNanobodyâ structure and purportedly âhigher clinical responsesâ compared to competitors. In reality, the complaint alleges, the clinical data did not deliver a superior benefit, raising doubts about regulatory approval and commercial viability.
The claimâs turning point occurred on SeptemberâŊ28,âŊ2025, when MoonLake disclosed that its VELAâ2 trial failed to meet its primary endpoint. Following that announcement, MoonLakeâs stock price crashed nearly 90% â from approximately $61.99 on SeptemberâŊ26 to $6.24 on SeptemberâŊ29.
The law firm says that eligible shareholders may submit their information online, on a contingencyâfee basis, with no upfront cost or responsibility for litigation expenses. Contact details are provided for RossâŊShikowitz at the firm.
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