FREQ INVESTOR ALERT: Class Action Lawsuit Filed

·2 min read

BOSTON, MA / ACCESSWIRE / July 26, 2021 / The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Frequency Therapeutics, Inc. (NASDAQ:FREQ). The case is currently in the lead plaintiff stage. Investors who purchased FREQ stock or other securities November 16, 2020 and March 22, 2021 may contact the Thornton Law Firm's investor protection team by visiting for more information. Investors may also email or call 617-531-3917.


The case alleges that Frequency Therapeutics and CEO David L. Lucchino learned that the Phase 2a trial results for a hearing loss treatment titled 'FX-322,' revealed no discernable difference between FX-322 and the placebo, shortly after launching the Phase 2a trial. It is further alleged that while Frequency Therapeutics' stock price remained artificially inflated, defendant Lucchino sold over 350,000 Frequency Therapeutics shares, receiving over $10.5 million in proceeds.

Interested Frequency investors have until August 2, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.


Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.


Thornton Law Firm LLP
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State Street Financial Center
Boston, MA 02111

SOURCE: Thornton Law Firm LLP

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