Erasca IncClass action lawsuit for securities fraud and patent infringement allegations, causing stock drops.
Pomerantz LLP has filed a class action lawsuit against Erasca, Inc. concerning potential securities fraud or unlawful business practices. Investors who purchased or acquired Erasca securities during the Class Period have until August 10, 2026, to seek appointment as Lead Plaintiff. The complaint follows Erasca's April 27, 2026, disclosure of a letter from Revolution Medicines alleging patent infringement and trade secret misappropriation related to ERAS-0015, which caused Erasca's stock to fall 10.71% to $19.50 per share. After market hours that same day, Erasca reported preliminary Phase 1 data for ERAS-0015, including a patient death, and clarified that comparisons to other product candidates were based on cross-study analyses, leading to a further 48.3% drop to $9.90 per share on April 28, 2026.
Erasca IncClass action lawsuit for securities fraud and patent infringement allegations, causing stock drops.
Revolution Medicines IncRevolution Medicines alleged patent infringement and trade secret misappropriation against Erasca, benefiting from Erasca's legal troubles.