Aug. 28 at 4:29 AM
$ALDX
FYI - LEGAL UPDATE per ChatGPT-5:
Judge Levenson issued a Memorandum & Order Aug 10, 2026 Massachusetts Federal District Court, docket # 1:26‑cv‑11510
- S. Albonico appointed lead plaintiff, highest estimated loss >300K
- Orrell and Bustamante motions are DENIED for lead plaintiff, lower losses
- Rosen Law Firm approved as lead counsel per lead plaintiff request
- ALDX has retained Goodwin Procter LLP for legal defense. Both Rosen & GP are heavy hitters in securities fraud.
- Scheduling Order (Aug 11–12, 2026) set the litigation calendar:
TIMELINE:
Amended/Expanded Complaint - Oct 9, 2026 - Access it through PACER
Defendants’ Answer or Motion to Dismiss - Dec 8, 2026
Plaintiff Opposition to Motion to Dismiss - Jan 22, 2027
Defendants' Reply - Feb 22, 2027
Stay tuned - GLTA