news 1 week ago

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Vanda Pharmaceuticals Inc.

The Associated Press

NEW YORK--(BUSINESS WIRE)--Feb 11, 2019--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) resulting from allegations that Vanda may have issued materially misleading business information to the investing public.

On February 11, 2019, Aurelius Value published an article which discussed a 150-page whistleblower lawsuit alleging that, “Vanda has engaged in a series of fraudulent schemes, some personally orchestrated by [its CEO], to defraud government payors.” The whistleblower lawsuit alleges “illegal off-label promotion of both of Vanda’s drugs, Vanda’s participation in a fraud involving doctors writing hundreds of ‘fake prescriptions’ and pocketing cash using Vanda-issued copay cards, falsified documents in internal systems, and resignations of senior executives who refused to participate in illegal activity.” On this news, shares of Vanda securities fell during intra-day trading on February 11, 2019.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Vanda investors. If you purchased shares of Vanda please visit the firm’s website at to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at or

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34thFloor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827



SOURCE: Rosen Law Firm

Copyright Business Wire 2019.

PUB: 02/11/2019 11:38 AM/DISC: 02/11/2019 11:38 AM