NEW YORK, June 27, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Flex Pharma, Inc.
("Flex") (NASDAQ:FLKS) between November 6, 2017 and June 12, 2018. You are hereby
notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern
District of New York. To get more information go to:
http://www.zlk.com/pslra-d/flex-pharma-inc?wire=3
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost
or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) the Company overstated the viability and approval prospects for its product
candidate FLX-787 for the treatment of amyotrophic lateral sclerosis and Charcot-Marie-Tooth disease; and (ii) as a result, Flex
Pharma's public statements were materially false and misleading at all relevant times. On June 13, 2018, Flex announced that it
planned to halt its FLX-787 trials, citing oral tolerability concerns observed in both studies. Flex also said that it will
restructure its organization to reduce costs, including reducing its workforce by approximately 60%, and that Flex's Board is
exploring "strategic alternatives, including the potential sale or merger of the company." Following this news, Flex stock dropped
$3.14 per share, or 75.12%, to close at $1.04 on June 13, 2018.
If you suffered a loss in Flex you have until August 20, 2018 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.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience representing investors in securities litigation, 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
