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Stock impact report

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against SIGA Technologies, Inc. (SIGA)

SIGA Technologies Inc. (SIGA) 
US:NASDAQ Investor Relations: investor.siga.com/investor-relations
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against SIGA Technologies, Inc. (“SIGA” or the “Company”) (NASDAQ: SIGA). The investigation concerns whether SIGA and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.[Click here to learn more about the investigation]On September 23, 2024, SIGA disclosed that its Chief Medical Officer and Executive Vice President, Dr. Jay Varma, had been terminated from his position. On this news, the price of SIGA shares declined by $0.42, or approximately 5%, from $8.43 on September 23, 2024, to close at $8.01 per share on September 24, 2024.On September 25, 2024, a secretly recorded video surfaced online, revealing Varma detailing a media “spin” campaign to salvage the Company’s antiviral medication TPOXX as a treatment for Monkeypox so that investors would not “dump the stock, thinking that the Company is worthless,” despite th Show less Read more
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