LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Evolus, Inc. (“Evolus” or “the Company”) (NASDAQ: EOLS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 1, 2019 and July 6, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before December 15, 2020.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Evolus misappropriated from Medytox its source of botulinum toxin and the processes used to develop the Jeuveau product. Evidence exists proving the Company’s misappropriation of trade secrets in the product’s development. The Company faced a threat of regulatory or court action prohibiting the importation and marketing of Jeuveau. Any revenues the Company generated from Jeuveau were based on its unlawful activities including the misappropriation of trade secrets from Allergan and Medytox. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Evolus, investors suffered damages.
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