SIGA Technologies, Inc. (NASDAQ: SIGA)

This investigation is for anyone who acquired securities in SIGA Technologies, Inc. (NASDAQ: SIGA) from August 15, 2024 through September 25, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company’s TPOXX was commercially viable as a treatment for Monkeypox despite knowing that the risk of Monkeypox in the U.S is very low.

On September 23, 2024, after market hours, SIGA disclosed that its Chief Medical Officer and Executive Vice President, Dr. Jay Varma, had been terminated from his position. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on September 25, 2024, a secretly recorded video surfaced online, revealing Varma detailing a media “spin” campaign to salvage TPOXX as a treatment for Monkeypox so that investors wouldn’t “dump the stock, thinking that the Company is worthless,” despite the admission that “in the United States, the risk [for Monkeypox] is very low.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SIGA Technologies, Inc. (NASDAQ: SIGA) from August 15, 2024 through September 25, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.