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RCKT.US
id: 1622
Rocket Pharmaceuticals ($RCKT) Gene Therapy Trial Failure, Concealed Protocol Changes, and Stock Crash Case
Investors can submit applications for the lead plaintiff role.
D. New Jersey
Court3:25-cv-10049
Case number02/27/2025
Class period Start05/26/2025
Class period End08/12/2025
Lead Plaintiff motion deadline- $RCKT investors filed a claim against Rocket Pharmaceuticals for hiding fatal risks in its gene therapy trial and misleading shareholders about the safety of its Danon disease program.
- After the FDA halted Rocket’s Phase 2 trial due to a patient death from capillary leak syndrome—tied to an undisclosed protocol change—$RCKT dropped 37% on May 27, 2025.
Case Details:
Between February 27, 2025 and May 26, 2025, Rocket assured investors its RP-A501 trial for Danon disease was progressing safely, with favorable safety data and clear timelines. The company emphasized its long-term safety record and efficacy results while continuing enrollment in its pivotal Phase 2 trial.
However, Rocket had secretly altered the clinical protocol by adding a novel C3 inhibitor to the immune suppression regimen. This change was implemented months before a patient died during the trial—yet was never disclosed to investors. The patient developed capillary leak syndrome and later died from an acute systemic infection. A second patient also developed similar symptoms.
On May 27, 2025, Rocket revealed the death and disclosed that the FDA had placed the trial on hold. Analysts expressed concern over the lack of transparency and the material impact on Rocket’s lead program. J.P. Morgan and Cantor sharply downgraded the stock, citing a likely insurmountable setback.
Based on these events, $RCKT investors filed a claim against Rocket Pharmaceuticals, accusing the company of the following:
- Misleading investors about the safety and progress of its RP-A501 trial.
- Failing to disclose serious protocol changes and the associated patient risk.
- Concealing the true status of the trial until after a fatal adverse event occurred.
Investors allege Rocket inflated its valuation and misrepresented clinical safety to preserve investor confidence.
Case Type
US Securities Class Action
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05/27/2025
Filing date
06/11/2025
Lead Plaintiff Deadline
08/12/2025