ATLANTA, GA – – (Newsfile Corp. – July 19, 2021) – – Holzer & Holzer, LLC reminds investors who suffered financial losses on purchases of RenovaCare, Inc. (“RenovaCare” or the “Company”) (OTC: RCAR) securities made between August 14, 2017 and May 28, 2021 of an upcoming lead plaintiff deadline in the class action filed against the Company.  RenovaCare investors have until September 14, 2021 to ask the Court to be appointed as Lead Plaintiff for the class. On May 28, 2021, the SEC issued a litigation release stating RenovaCare was being charged with alleged securities fraud. The SEC’s complaint alleges that between July 2017 and January 2018, the Company’s controlling shareholder and Chairman, Harmel Rayat (“Rayat”), “arranged, and caused RenovaCare to pay for, a promotional designed to increase the Company’s stock price.” Specifically, the SEC alleges that “Rayat was closely involved in directing the promotion and editing promotional materials, and arranged to funnel payments to the publisher through consultants to conceal RenovaCare’s involvement in the campaign” and that “Rayat and RenovaCare then drafted and issued a press release and a Form 8-K that contained material misrepresentations and omissions denying Rayat’s and the company’s involvement in the promotion.”  On this news, the Company’s stock price fell $0.66, or 24.8%, over three consecutive trading sessions to close at $2.00 per share on June 2, 2021. If you purchased shares of RenovaCare during the class period and have suffered significant losses on that investment, you are encouraged to either contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free telephone at (888) 508-6832, or visit the firm’s website at www.holzerlaw.com to discuss your legal rights.

Provide Your Information To Take Action

  • Plaintiff Certifies That:
    1. Plaintiff has reviewed the complaint and authorized its filing.
    2. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal securities laws.
    3. Plaintiff is willing to serve as a representative party on behalf of a class, including providing testimony at deposition and trial, if necessary.
    4. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    5. Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    6. Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Date PurchasedNumber of Shares AcquiredAcquisition Price Per Share 
  • Date SoldNumber of Shares SoldSelling Price Per Share 
  • Signed pursuant to the Uniform Electronic Transactions act as adopted by the various states and territories of the United States.
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