Kirby McInerney LLP Files Securities Class Action Lawsuit against H.C. Wainwright & Co., LLC

The law firm of Kirby McInerney LLP announces that it has filed a class action lawsuit in the United States District Court for the Central District of California against H.C. Wainwright & Co., LLC ("Wainwright") and financial analyst, Oren Livnat ("Livnat") for violation of Section 10(b) of the Securities Exchange Act of 1934. The lawsuit was filed on behalf of a class (the "Class") consisting of persons and entities who purchased or otherwise acquired MannKind Corporation ("MannKind") MNKD securities between 4:03 AM Pacific Time on October 10, 2017 (7:03 AM Eastern Time) and 9:02 PM Pacific Time on October 10, 2017 (12:02 AM Eastern Time on October 11, 2017) (the "Class Period").

If you are a member of the Class described above, you may move the Court no later than 60 days from the date of this notice to serve as lead plaintiff.

On October 10, 2017, Wainwright, through an announcement publicized by Wainwright analyst, Livnat, initiated coverage of the MannKind stock with a "Buy" rating and a $7 per share price target. At the time of Wainwright's statements, MannKind's stock was trading at $5.33 per share. That night, MannKind announced a registered direct offering at an offering price of $6.00 per share. On this news, MannKind's stock price fell to a close of $5.47 per share on October 11, 2011.

The lawsuit alleges that Defendants' statements were materially misleading for failure to disclose that just 15 hours following Wainwright's report on MannKind, MannKind would announce a registered direct offering.

To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Thomas Elrod, Esquire, of Kirby McInerney LLP, 825 3rd Avenue, New York, NY 10022, at 212-371-6600 or by email to telrod@kmllp.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171030006405/en/