Shareholder Litigation Alert: Class Action Lawsuit Filed Against SeaStar Medical Holding Corporation ICU

Published July 10, 2024

Investors have been alerted to the commencement of a class action lawsuit involving SeaStar Medical Holding Corporation ICU, post allegations of potential securities fraud. The lawsuit aims to represent purchasers or acquirers of SeaStar Medical Holding's securities within a specified time frame, extending from October 31, 2022, to March 26, 2024. The legal action has brought forth claims that the company may have issued materially misleading business information to the investing public.

Lawsuit Overview

Filed in San Diego on July 8, 2024, by Robbins LLP, the shareholder class action lawsuit accuses SeaStar Medical Holding Corporation ICU of potentially violating federal securities laws. The class seeks to include all investors who felt the adverse effects of the alleged misinformation, specifically those who engaged in transactions involving the company's securities during the stated period.

Allegations Against SeaStar Medical Holding

The allegations include that SeaStar Medical Holding ICU may have failed to disclose to investors essential information that is generally regarded as critical for making informed investment decisions. Stakeholders argue that such omission consequently affected the value of their investments once the alleged truth was disclosed.

lawsuit, class-action, investors