IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against CytRx Corporation and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / August 31, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against CytRx Corporation (“CytRx” or the “Company”) (Nasdaq: CYTR). Investors who purchased or otherwise acquired shares between November 18, 2014 and July 11, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the September 23, 2016 lead plaintiff motion deadline.

If you purchased CytRx shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The complaint alleges that the Company made materially false and misleading statements and/or failed to disclose that: the clinical hold placed on the Phase 3 trial of aldoxorubicin would prevent sufficient follow-up for patients involved in the study; that almost half of the patients would be excluded from the progression free survival evaluation; CytRx would like conduct a second analysis; that the results of the trial could be affected or approval of aldoxorubicin could be delayed; and that as a result of the above, the Company’s statements were false and misleading and/or lacked a reasonable basis at all relevant times. When this news was disclosed to the public, shares of CytRx fell in value, causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contacts

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

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