{"id":90676,"date":"2025-02-20T23:01:15","date_gmt":"2025-02-20T23:01:15","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/rvnc-investor-alert-kirby-mcinerney-llp-reminds-revance-therapeutics-inc-investors-of-looming-lead-plaintiff-deadline-in-class-action-lawsuit\/"},"modified":"2025-02-20T23:01:15","modified_gmt":"2025-02-20T23:01:15","slug":"rvnc-investor-alert-kirby-mcinerney-llp-reminds-revance-therapeutics-inc-investors-of-looming-lead-plaintiff-deadline-in-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/rvnc-investor-alert-kirby-mcinerney-llp-reminds-revance-therapeutics-inc-investors-of-looming-lead-plaintiff-deadline-in-class-action-lawsuit\/","title":{"rendered":"RVNC INVESTOR ALERT: Kirby McInerney LLP Reminds Revance Therapeutics, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit"},"content":{"rendered":"
\n

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP<\/a> notifies investors of the approaching March 4, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired Revance Therapeutics, Inc. (\u201cRevance\u201d or the \u201cCompany\u201d) (NASDAQ:RVNC) securities between February 29, 2024, through December 6, 2024 (\u201cthe Class Period\u201d).<\/p>\n

[LEARN MORE ABOUT THE CLASS ACTION] <\/a><\/p>\n

Prior to the Class Period, in January 2020, Revance entered into a distribution agreement (the \u201cDistribution Agreement\u201d) with Teoxane SA (\u201cTeoxane\u201d), pursuant to which Teoxane granted Revance the exclusive right to import, market, promote, sell, and distribute Teoxane\u2019s line of Resilient Hyaluronic Acid dermal fillers, in exchange for 2,500,000 shares of Revance common stock. In addition, under the Distribution Agreement, Revance is required to meet certain minimum purchase obligations and certain minimum expenditure requirements and either party may terminate the Distribution Agreement in the event of \u201ca material breach by the other party.\u201d<\/p>\n

In August 2024, Revance and Crown Laboratories, Inc. (\u201cCrown\u201d), a privately held marketer and manufacturer of skincare products, jointly announced that they had entered into a merger agreement (the \u201cMerger Agreement\u201d). Under the terms of the Merger Agreement, Crown would commence a tender offer (the \u201cTender Offer\u201d) to acquire all outstanding shares of Revance\u2019s common stock for $6.66 per share in cash, representing a total enterprise value of $924 million.<\/p>\n

On September 23, 2024, Revance disclosed in an SEC filing that it \u201creceived a notice to remedy alleged material breaches, including breaches of the maximum level of buffer stock and required efforts to promote and sell Teoxane products, under the Company\u2019s exclusive distribution agreement with Teoxane SA.\u201d Due to the dispute with Teoxane, Revance advised that Crown\u2019s Tender Offer had been delayed until at least October 4, 2024. On this news, the price of Revance shares declined by $0.45 per share, or 7.66%, from $5.81 per share on September 20, 2024, to close at $5.36 on September 23, 2024.<\/p>\n

Then, on December 9, 2024, Revance disclosed in an SEC filing that Crown and Revance had amended their merger agreement, and that Crown would shortly commence a tender offer to acquire all outstanding shares of Revance\u2019s common stock for $3.10 per share in cash \u2013 a reduction of over 50% from the previously-announced purchase price. On this news, the price of Revance shares declined by $0.79 per share, or approximately 20.68%, from $3.82 per share on December 6, 2024, to close at $3.82 on December 9, 2024.<\/p>\n

The complaint alleges that defendants, throughout the Class Period, made false and\/or misleading statements and\/or failed to disclose that: (1) Revance was in material breach of the Distribution Agreement; (2) the foregoing subjected the Company to an increased risk of litigation, as well as monetary and reputational harm; and (3) all the foregoing increased the risk that the Tender Offer would be delayed and\/or amended.
If you purchased or otherwise acquired Revance securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod<\/a> of Kirby McInerney LLP<\/a> by email at investigations@kmllp.com<\/a>, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n

[CONTACT FORM]<\/a><\/p>\n

Kirby McInerney LLP<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website<\/a>.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https:\/\/www.kmllp.com<\/a>
investigations@kmllp.com<\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP notifies investors of the approaching March 4, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired Revance Therapeutics, Inc. (\u201cRevance\u201d or the \u201cCompany\u201d) (NASDAQ:RVNC) securities between February […]<\/p>\n","protected":false},"author":2,"featured_media":90677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/192da1d1-643f-4eee-b850-dde5b9f2b00f","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-90676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/90676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=90676"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/90676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/90677"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=90676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=90676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=90676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}