NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Cassava Sciences, Inc. (NASDAQ: SAVA), Dentsply Sirona, Inc. (NASDAQ: XRAY), IonQ, Inc. (NYSE: IONQ), and Singularity Future Technology, Inc. (NASDAQ: SGLY). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Cassava Sciences, Inc. (NASDAQ: SAVA)
On April 18, 2022,The New York Timespublished an article entitled Scientists Question Data Behind an Experimental Alzheimers Drug. The article addressed Cassavas experimental Alzheimers drug, simufilam, and reported that one of Cassavas advisers, Dr. H.Y. Wang, had five papers he authored retracted from the scientific journal PLoS One after an in-depth investigation revealed serious concerns about the integrity and the reliability of the results.
On this news, Cassavas stock price fell sharply during intraday trading on April 19, 2022.
For more information on the Cassava investigation go to: https://bespc.com/cases/SAVA
Dentsply Sirona, Inc. (NASDAQ: XRAY)
On April 19, 2022, the Company issued a press release announcing the termination of Chief Executive Officer, Don Casey, effective immediately, and that Casey will also cease to serve as a member of the Companys Board.
Following this news, shares of Dentsply Sirona dropped sharply by $6.52 per share, over 13%, to close at $42.20 per share on April 19, 2022.
For more information on the Dentsply Sirona investigation go to: https://bespc.com/cases/XRAY
IonQ, Inc. (NYSE: IONQ)
On May 3, 2022, Scorpion Capital released a 183-page short report regarding IonQs management, operations, and business. The Scorpion Capital report stated that We conducted 25 research interviews including 7 former employees and executives; 11 leading quantum computing experts including seminal names in the field, some who have published papers with IonQs founders and are intimately familiar with its technology; and 5 of its key customers and partners. We believe our research represents the most in-depth due diligence to date on IonQ, leading us to conclude it is just another VC-backed SPAC scam.
Following this news, IonQs stock closed down 9.03%, to close at $7.15 per share on May 3, 2022.
For more information on the IonQ investigation go to: https://bespc.com/cases/IONQ
Singularity Future Technology, Inc. (NASDAQ: SGLY)
On May 5, 2022, Hindenburg Research (Hindenburg) published a report entitled Singularity Future Technology: This Nasdaq-Listed Companys CEO Is a fugitive, on the Run for Allegedly Operating a Massive Ponzi Scheme. The Hindenburg report alleged, among other things, that singularitys CEO, Yang Jie, is a fugitive on the run from Chinese authorities for running an alleged $300 million Ponzi scheme that lured in over 20,000 victims and fled to the U.S. while at least 28 other individuals involved in the case were sentenced to prison terms ranging from 6 months to 15 years. The Hindenburg report further alleged that Singularitys massive [cryptocurrency] mining rig deal appears to be a brazen undisclosed related party deal and that [w]e see little evidence that Singularitys proprietary crypto mining rigs ever existed in the first place. The photos and descriptions of Singularitys miners match precisely with another brand called KOI Miner.
On this news, Singularitys stock price fell $1.95 per share, or 28.89%, to close at $4.80 per share on May 5, 2022.
For more information on the Singularity Future investigation go to: https://bespc.com/cases/SGLY
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit http://www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.Brandon Walker, Esq. Melissa Fortunato, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com
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