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News  ›  GlobeNewswire Inc.

LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Savara Inc.

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Pomerantz Llp
LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Savara Inc.

A securities fraud class action lawsuit has been filed against Savara Inc. alleging false statements and concealment regarding the MOLBREEVI BLA regulatory approval process, potentially impacting shareholders between March 4, 2024 and May 23, 2025.

Insights
SOJF   positive

Beat earnings forecasts, reported revenue growth of 7.5%, increased kilowatt-hour sales in commercial and industrial sectors, and expanded total regulated utility customer base


SVRA   negative

The lawsuit alleges the company made false statements about its MOLBREEVI BLA regulatory approval, potentially misled investors about its timeline, and increased likelihood of needing additional capital, which suggests significant corporate governance and financial transparency issues