{"id":5767,"date":"2024-05-01T09:36:00","date_gmt":"2024-05-01T02:36:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/05\/01\/2872901\/6713\/en\/AKERO-THERAPEUTICS-SHAREHOLDER-ALERT-BY-FORMER-LOUISIANA-ATTORNEY-GENERAL-KAHN-SWICK-FOTI-LLC-REMINDS-INVESTORS-WITH-LOSSES-IN-EXCESS-OF-100-000-of-Lead-Plaintiff-Deadline-in-Class.html"},"modified":"2024-05-01T09:36:00","modified_gmt":"2024-05-01T02:36:00","slug":"akero-therapeutics-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsui","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/akero-therapeutics-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsui\/","title":{"rendered":"AKERO THERAPEUTICS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK &amp; FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Akero Therapeutics, Inc. - AKRO"},"content":{"rendered":"\n<p align=\"justify\">NEW ORLEANS, April 30, 2024 (GLOBE NEWSWIRE) &#8212; Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until <strong><u>June 25, 2024<\/u><\/strong> to file lead plaintiff applications in a securities class action lawsuit against Akero Therapeutics, Inc. (NasdaqGS: AKRO), if they purchased or otherwise acquired the Company\u2019s shares between September 13, 2022 and October 9, 2023, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California.<\/p>\n<p align=\"justify\">What You May Do<\/p>\n<p align=\"justify\">If you purchased shares of Akero and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit <a href=\"https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-akro\/\" rel=\"nofollow noopener\" target=\"_blank\" title>https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-akro\/<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by <strong><u>June 25, 2024<\/u><\/strong>.<\/p>\n<p align=\"justify\">About the Lawsuit<\/p>\n<p align=\"justify\">Akero and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.<\/p>\n<p align=\"justify\">The alleged false and misleading statements and omissions include, but are not limited to, that: (i) approximately 20% of patients enrolled in the SYMMETRY study for the Company\u2019s lead product candidate efruxifermin (\u201cEFX\u201d) had cryptogenic cirrhosis (and did not have definitive nonalcoholic steatohepatitis (\u201cNASH\u201d), a serious liver disease), at baseline; (ii) the cryptogenic cirrhotic patients included in the SYMMETRY study did not have biopsy-proven compensated cirrhosis due to definitive NASH; (iii) the results from the cryptogenic cirrhosis patients were to be excluded from the calculation of the NASH resolution secondary endpoints; (iv) the Company had introduced a confounding factor into the SYMMETRY study\u2019s design, materially influencing the study\u2019s potential results and increasing the risks that the study would fail to meet its primary endpoint; (v) the SYMMETRY study did not align with U.S. Food &amp; Drug Administration guidance for testing a drug in treating NASH cirrhotics because Akero had not ruled out potential causes of each patient\u2019s cirrhosis other than NASH; and (vi) consequently, the Company had materially misrepresented the nature of the SYMMETRY trial, its usefulness in supporting any new drug application, the likelihood that the SYMMETRY trial would be successful as measured by its primary endpoint, and the likelihood that EFX would become a commercial treatment for NASH cirrhotics.<\/p>\n<p align=\"justify\">The market finally began to learn the truth on October 10, 2023, pre-market, when the Company disclosed the study\u2019s 36-week results, causing the price of Akero\u2019s stock to fall $30.39 per share on October 10, 2023 and $3.11 per share on October 11, 2023 on higher than average volume \u2013 a decline of nearly 70% from the stock\u2019s closing price of $48.54 per share on October 9, 2023.<\/p>\n<p align=\"justify\">The case is <em>Klobus v. Akero Therapeutics, Inc., <\/em>No. 24-cv-02534.<\/p>\n<p align=\"justify\">About Kahn Swick &amp; Foti, LLC<\/p>\n<p align=\"justify\">KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\u2019s premier boutique securities litigation law firms. KSF serves a variety of clients \u2013 including public institutional investors, hedge funds, money managers and retail investors \u2013 in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.<\/p>\n<p align=\"justify\">To learn more about KSF, you may visit <a href=\"http:\/\/www.ksfcounsel.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.ksfcounsel.com\">www.ksfcounsel.com<\/a>.<\/p>\n<p>Contact:<\/p>\n<p>Kahn Swick &amp; Foti, LLC<br \/>Lewis Kahn, Managing Partner<br \/><u><a href=\"mailto:lewis.kahn@ksfcounsel.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"lewis.kahn@ksfcounsel.com\">lewis.kahn@ksfcounsel.com<\/a><br \/><\/u>1-877-515-1850<br \/>1100 Poydras St., Suite 960<br \/>New Orleans, LA 70163<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDUxZDgxZTMtNDVhOS00ZDE2LThiZjctNzVlMDA0ZGZjNTM5LTEwMjkyNDE=\/tiny\/Kahn-Swick-Foti-LLC.png\" referrerpolicy=\"no-referrer-when-downgrade\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> NEW ORLEANS, April 30, 2024 (GLOBE NEWSWIRE) &#8212; Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Akero Therapeutics, Inc. (NasdaqGS: AKRO), if they purchased or otherwise acquired the Company\u2019s shares between September 13, 2022 and October 9, 2023, inclusive (the \u201cClass Period\u201d). This action is pending in the United&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-5767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AKERO THERAPEUTICS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK &amp; FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Akero Therapeutics, Inc. - AKRO<\/title>\n<meta name=\"description\" content=\"NEW ORLEANS, April 30, 2024 (GLOBE NEWSWIRE) -- Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Akero Therapeutics, Inc. (NasdaqGS: AKRO), if they purchased or otherwise acquired the Company\u2019s shares between September 13, 2022 and October 9, 2023, inclusive (the \u201cClass Period\u201d). This action is pending in the United...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AKERO THERAPEUTICS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK &amp; FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Akero Therapeutics, Inc. - AKRO\" \/>\n<meta property=\"og:description\" content=\"NEW ORLEANS, April 30, 2024 (GLOBE NEWSWIRE) -- Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Akero Therapeutics, Inc. (NasdaqGS: AKRO), if they purchased or otherwise acquired the Company\u2019s shares between September 13, 2022 and October 9, 2023, inclusive (the \u201cClass Period\u201d). This action is pending in the United...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoinsider.asia\/vi\/akero-therapeutics-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsui\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Insider\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/yourcryptoinsider\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-01T02:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ml.globenewswire.com\/media\/MDUxZDgxZTMtNDVhOS00ZDE2LThiZjctNzVlMDA0ZGZjNTM5LTEwMjkyNDE=\/tiny\/Kahn-Swick-Foti-LLC.png\" \/>\n<meta name=\"author\" content=\"Crypto Insider\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0110\u01b0\u1ee3c vi\u1ebft b\u1edfi\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Insider\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u01af\u1edbc t\u00ednh th\u1eddi gian \u0111\u1ecdc\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 ph\u00fat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/vi\\\/akero-therapeutics-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsui\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/vi\\\/akero-therapeutics-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsui\\\/\"},\"author\":{\"name\":\"Crypto Insider\",\"@id\":\"https:\\\/\\\/cryptoinsider.asia\\\/#\\\/schema\\\/person\\\/e81ca31713268a414ddbed321d3383d6\"},\"headline\":\"AKERO THERAPEUTICS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK &amp; 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(NasdaqGS: AKRO), if they purchased or otherwise acquired the Company\u2019s shares between September 13, 2022 and October 9, 2023, inclusive (the \u201cClass Period\u201d). 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