Our securities attorneys are investigating claims on behalf of investors of PolarityTE (NASDAQ: COOL) regarding possible violations of federal securities laws. Specifically, our investigation focuses on whether PolarityTE issued materially misleading business information to the investing public, or engaged in other unlawful business practices.

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Stock Plunges More Than 27% After PolarityTE Called a "Fraud" by Citron Research

On June 25, 2018, Citron Research released a report calling PolarityTE a “fraud,” detailing a series of accusations, including:

1) That PolarityTE raised money based on a patent application that was rejected by the United States Patent and Trademark Office days before the Company’s offering, and

2) That PolarityTE failed to disclose its patent rejection in its subsequent SEC filings.

Following this news, shares of COOL fell more than 27% to close at $28.14 on June 25, 2018, thereby injuring investors.

Girard Gibbs' Financial Fraud Experience

Girard Gibbs’ financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).

Noteworthy Financial Fraud Cases

American Express Financial Advisors Securities Litigation $100 million cash settlement for clients alleging American Express steered them into under-performing “shelf space funds” to reap kickbacks
Chase Bank “Check Loan” Litigation $100 million settlement for consumers alleging Chase offered long-term fixed-rate loans, only to later more-than-double required payments
Peregrine Financial Group Customer Litigation Settlements worth $75 million for futures and commodities investors who lost millions in the collapse of Peregrine Financial Group, Inc.
NantHealth Court-appointed Co-Lead Counsel in a securities class action alleging the company’s founder violated federal securities law and artificially inflated stock prices

Our Team

Eric Gibbs

Eric has served in leadership positions in a number of high profile, complex financial lawsuits. He has been recognized as a Daily Journal, among the Top 100 Super Lawyers in Northern California, and a Law360 MVP for Consumer Protection.

David Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Michael Schrag

Michael has over 20 years of experience representing individuals in complex cases involving banking credit card and other financial frauds.