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Alto Neuroscience Sued for Securities Violations in IPO Class Action Lawsuit
ByAinvest
Tuesday, Sep 2, 2025 1:54 am ET1min read
Alto Neuroscience has been sued for alleged securities law violations related to its initial public offering and subsequent stock sales between February 2, 2024, and October 22, 2024. Investors who purchased securities during this period are encouraged to contact the Schall Law Firm before September 19, 2025, to discuss potential legal action. The lawsuit alleges that the company made false or misleading statements to investors, resulting in financial losses.
Alto Neuroscience, Inc. (NYSE: ANRO), a biopharmaceutical company focused on developing treatments for neurological disorders, is facing a class action lawsuit alleging securities law violations. The lawsuit, filed by the Schall Law Firm, claims that Alto made false and misleading statements during its initial public offering (IPO) and subsequent stock sales between February 2, 2024, and October 22, 2024 [1].The complaint alleges that Alto overstated the effectiveness of its drug ALTO-100 in treating major depressive disorder (MDD) and exaggerated its business and financial prospects. Investors who purchased securities during this period are encouraged to contact the Schall Law Firm before September 19, 2025, to discuss potential legal action [1].
The lawsuit also alleges that Alto's offering documents were negligently prepared and contained untrue statements of material fact and/or omitted material facts necessary to make the statements made not misleading. When the market learned the truth about Alto Neuroscience, investors suffered damages [2].
Similar lawsuits have been filed by other firms, including Bronstein, Gewirtz & Grossman, LLC and Rosen Law Firm, representing investors who purchased Alto securities during the same period. These lawsuits also allege that Alto made materially false and misleading statements and/or failed to disclose critical information, leading to investor losses [2][3].
Investors who believe they have been affected by these alleged violations are urged to review the complaints and contact the respective law firms for more information. The lead plaintiff deadline for these lawsuits is September 19, 2025 [3].
References:
[1] https://www.prnewswire.com/news-releases/anro-investors-have-opportunity-to-lead-alto-neuroscience-inc-securities-fraud-lawsuit-with-the-schall-law-firm-302543390.html
[2] https://www.morningstar.com/news/globe-newswire/9517907/anro-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-alto-neuroscience-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit
[3] https://www.morningstar.com/news/pr-newswire/20250901dc62345/anro-deadline-anro-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-alto-neuroscience-inc-securities-fraud-lawsuit
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