NEW ORLEANS, March 17, 2023 /PRNewswire/ — Former Louisiana Attorney General Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has initiated an investigation against Reata Pharmaceuticals, Inc. (NasdaqGM: RETA).
In December 2021, the U.S. Food and Drug Administration (“FDA”) released informational documents about the Company’s product, bardoxolone, stating that “the FDA review team d[id] do not believe that the data submitted show that bardoxolone is effective in slowing the loss of kidney function in patients with AS and reducing the risk of progression to kidney failure,” and then the FDA Advisory Committee unanimously determined that bardoxolone was not effective based on the data submitted may be .
Thereafter, the Company and certain of its executives were sued in a securities class-action lawsuit alleging that they failed to disclose material information during the class-action period in violation of federal securities laws, which is pending.
KSF’s investigation focuses on whether officers and/or directors of Reata have failed in their fiduciary duties to their shareholders or otherwise violated state or federal law.
If you have information that would assist KSF in its investigations, or were a long-time holder of Reata stock and would like to discuss your legal rights, you can call 1-833-938-0905 toll-free or E- Mail KSF Managing Partner Lewis Kahn ([email protected]) or visit to learn more.
About Kahn Swick & Foti, LLC
KSF, which partners with former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation firms. KSF assists a wide range of clients – including public institutional investors, hedge funds, wealth managers and retail investors – in seeking redress for investment losses resulting from corporate fraud or misconduct by public companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St, Suite 960
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC
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