NEW YORK, Jan. 25, 2021 (World NEWSWIRE) — Rosen Legislation Company, a worldwide investor legal rights legislation company, reminds purchasers of the securities of Sona Nanotech Inc. (OTC: SNANF) among July 2, 2020 and November 25, 2020, inclusive (the “Class Period”) of the crucial February 16, 2021 lead plaintiff deadline in the securities course action commenced by the firm. The lawsuit seeks to get well damages for Sona investors below the federal securities regulations.

To be part of the Sona class action, go http://www.rosenlegal.com/cases-register-1994.html or get in touch with Phillip Kim, Esq. toll-cost-free at 866-767-3653 or electronic mail [email protected] or [email protected] for information and facts on the class motion.

According to the lawsuit, defendants during the Class Interval manufactured false and/or misleading statements and/or unsuccessful to disclose that: (1) it was unreasonable for Sona to represent that it could obtain effects from subject studies of its COVID-19 antigen exam within just a month (2) Sona’s positive statements about its COVID-19 antigen take a look at ended up unfounded as the U.S. Food items and Drug Administration (“FDA”) would deprioritize emergency use authorization approval of Sona’s antigen test acquiring it did not meet up with “the public well being need” criterion (3) it was unreasonable for Sona to feel that details collected above these a brief period of time of time would be ample for approval of its antigen examination by both the Fda or Wellbeing Canada (4) Sona would have to withdraw its submission for Interim Get authorization from Wellbeing Canada for the advertising of its COVID-19 antigen exam as it lacked ample scientific data to assistance approval and (5) as a outcome, defendants’ statements about its enterprise, functions, and prospects, have been materially wrong and misleading and/or lacked a acceptable foundation at all pertinent times. When the correct specifics entered the sector, the lawsuit claims that investors suffered damages.

A class motion lawsuit has previously been submitted. If you desire to provide as direct plaintiff, you need to go the Court no later than February 16, 2021. A guide plaintiff is a agent get together performing on behalf of other class members in directing the litigation. If you desire to join the litigation, go to http://www.rosenlegal.com/scenarios-register-1994.html or to go over your rights or passions concerning this course action, make sure you get in touch with Phillip Kim, Esq. of Rosen Law Organization toll free at 866-767-3653 or by using e-mail at [email protected] or [email protected].

NO Course HAS Yet BEEN Licensed IN THE Higher than Motion. Right until A Course IS Licensed, YOU ARE NOT REPRESENTED BY COUNSEL Unless of course YOU Retain One. YOU Could Keep COUNSEL OF YOUR Option. YOU May ALSO Keep on being AN ABSENT Course MEMBER AND DO Very little AT THIS Stage. AN INVESTOR’S Skill TO SHARE IN ANY Prospective Future Recovery IS NOT DEPENDENT Upon SERVING AS Guide PLAINTIFF.

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Rosen Regulation Agency represents investors through the world, concentrating its follow in securities course steps and shareholder derivative litigation. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Course Motion Solutions for selection of securities class motion settlements in 2017. The firm has been ranked in the top 3 each and every yr because 2013. Rosen Regulation Firm has obtained the largest ever securities class motion settlement in opposition to a Chinese Company. Rosen Regulation Firm’s attorneys are rated and recognized by various unbiased and highly regarded sources. Rosen Law Firm has secured hundreds of tens of millions of pounds for buyers. Attorney Marketing. Prior benefits do not guarantee a equivalent result.

Speak to Data:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Regulation Company, P.A.
        275 Madison Avenue, 40th Flooring
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Cost-free: (866) 767-3653
        Fax: (212) 202-3827
         [email protected]
         [email protected]
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