Introduction to the Aquestive Class Action Lawsuit

  • The Aquestive class action lawsuit seeks to represent purchasers or acquirers of Aquestive Therapeutics, Inc. (NASDAQ: AQST) securities between June 16, 2025 and January 8, 2026, inclusive (the “Class Period”).
  • Captioned Modica v. Aquestive Therapeutics, Inc., No. 26-cv-02317 (D.N.J.), the Aquestive class action lawsuit charges Aquestive and Aquestive’s Chief Executive Officer with violations of the Securities Exchange Act of 1934.

Read on for answers to the eight most frequently asked questions from investors.

Attn add for free case evaluation in Aquestive class action lawsuit

1. What Do I Need to Know about the Aquestive Class Action Lawsuit?

2. How Does the Aquestive Class Action Lawsuit Work?

  • A lawsuit is initiated by one or more investors, called the “lead plaintiffs,” on behalf of a larger group of investors, or the “class”.
  • The “class period” is defined as the specific timeframe during which the alleged fraudulent activity took place. Only those who bought or sold the security during this period are eligible to participate.
  • The case is litigated, which may include a lengthy discovery phase for gathering evidence.

3. What Do Plaintiffs Have to Prove in the Aquestive Class Action Lawsuit?

To succeed in a federal securities fraud class action, plaintiffs must prove several elements:

  • Reliance: The plaintiff relied on the misstatement or omission when buying or selling the security. For publicly traded securities, this can be proven through the “fraud-on-the-market” theory, which presumes the market price reflects all public, material information.

4. What Are the Allegations in the Aquestive Class Action Lawsuit?

Aquestive operates as a pharmaceutical company.

The Aquestive class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Aquestive created the false impression that Aquestive was on track to receive approval for Aquestive’s New Drug Application (“NDA”) for Anaphylm by the January 31, 2026 Prescription Drug User Fee Act (“PDUFA”) date;
  • The U.S. Food and Drug Administration (“FDA”) identified deficiencies with Aquestive’s NDA for Anaphylm precluding labeling discussions and post-marketing commitments; and
  • In order for the FDA to grant approval for any NDA, any deficiencies must be remedied, therefore the launch of Anaphylm was delayed, indicating that Aquestive failed to obtain approval for Anaphylm by the PDUFA date.

The Aquestive class action lawsuit alleges that on January 9, 2026, Aquestive disclosed that it was in receipt of an FDA letter that “identified deficiencies in the [Anaphylm] NDA that preclude discussion of labeling and post-marketing commitments at this time.”

On this news, the price of Aquestive stock fell more than 37%, according to the Aquestive class action lawsuit.

GAAP - Generally Accepted Accounting Principles is a set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board, acronym text concept background used in Aquestive class action lawsuit

5. What Rights to Investors Have in the Aquestive class action lawsuit?

Investors affected by the Aquestive class action lawsuit possess specific rights that they can exercise. Understanding these rights is vital for anyone considering involvement in the Aquestive class action lawsuit.

Right to Information

Right to Participate

Right to Legal Representation

  • Legal professionals can provide guidance and support throughout the process.

6. What Damages Am I Entitled To in the Aquestive class action lawsuit?