INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds Investors Who Suffered Losses In Excess Of $100,000 Investing In Cellular Biomedicine Of Lead Plaintiff Deadline

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Jun 09, 2015, 03:49 ET

NEW YORK, June 9, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Cellular Biomedicine Group Inc. ("Cellular" or the "Company") (NasdaqGM: CBMG) of the June 22, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit against Cellular and certain officers. A complaint has been filed against the Company in United States District Court for the Northern District of California.

The complaint accuses the Company and its executives of violating federal securities laws by failing to disclose that (i) Cellular reached an unsustainable valuation of $500 million as a result of utilizing paid stock promoters; and (ii) the "Car-T" technology had experienced patient deaths and did not have any meaningful valuation.

An April 7, 2015, report published on Seekingalpha.com, disclosed that Cellular was previously a company that focused on Nintendo screens for RVs and boats, which then transformed into a consulting firm claiming to help Chinese companies access American investors. It became a bioscience company upon merger with an offshore stem-cell clinic. On this news, the Company's securities declined $7.00 per share, or over 21.7%, to close at $25.22 per share on April 7, 2015.

Request more information now by clicking here: www.faruqilaw.com/CBMG. There is no cost or obligation to you.

Take Action

If you invested in Cellular stock or options between June 18, 2014 and April 7, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/CMBG. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Cellular's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

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