NEW YORK, May 12, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of
NantKwest, Inc. (“NantKwest” or the “Company”) (NASDAQ:NK) between September 10, 2015 and March 10, 2016.
You are hereby notified that a securities class action has been commenced in the USDC for the
Central District of California. If you purchased or otherwise acquired NantKwest securities between September 10, 2015 and March
10, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/nantkwest.
The complaint alleges that throughout the class period, NantKwest issued false and misleading statements and
or/failed to disclose that: (a) the Company’s financial statements contained errors related to stock-based awards to its CEO and
Executive Chairman, defendant Patrick Soon-Shiong; (b) the Company’s financial statements contained errors related to build-to-suit
lease accounting related to one of its research and development and good manufacturing practices facilities; and (c) the Company
lacked effective internal financial controls.
If you suffered a loss in NantKwest you have until May 23, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/nantkwest.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
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