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Pontiac Police Retirement System v Soleno Therapeutics - Securities Fraud

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Filed March 6th, 2026
Detected March 7th, 2026
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Summary

The City of Pontiac Police and Fire Retirement System has filed a securities fraud lawsuit against Soleno Therapeutics, Inc. and its executives. The case, filed on March 6, 2026, alleges violations of federal securities laws. This action initiates a class action lawsuit.

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What changed

A class action lawsuit has been filed by the City of Pontiac Police and Fire Retirement System against Soleno Therapeutics, Inc., Anish Bhatnagar, James Mackaness, and Meredith Manning. The complaint, filed on March 6, 2026, in the U.S. District Court for the Northern District of California, alleges violations of federal securities laws. The case number is 3:26-cv-01979.

This filing initiates a significant legal action that could impact the company's stock price and corporate governance. Investors who purchased Soleno Therapeutics stock during the period covered by the alleged violations may be eligible to join the class action. Companies facing such allegations should prepare for potential discovery, settlement negotiations, or trial, and review their disclosure practices and internal controls.

What to do next

  1. Review complaint details for potential impact on investment portfolios.
  2. Assess current disclosure practices and internal controls related to securities law compliance.

Source document (simplified)

City of Pontiac Police and Fire Retirement System v. Soleno Therapeutics, Inc. et al

Case Number: 3:26-cv-01979 Location: San Francisco Case Type: Civil Case Basis: Federal Question Nature of Suit: Securities/Commodities Date Filed:

March 6, 2026

Last Filing Date:

March 6, 2026

View Publicly Available Documents Case Summary No summary of this case is available

Recent Filings

| Date Filed | Docket Number | Document Description |
| --- | --- | --- |
| 03-06-26 | 1 | COMPLAINT for Violations of the Federal Securities Laws against Anish Bhatnagar, James Mackaness, Meredith Manning, Soleno Therapeutics, Inc. ( Filing fee $ 405, receipt number ACANDC-21729729.). Case filed under the Class Action Private |
| 03-06-26 | 2 | Proposed Summons. (Williams, Shawn) |
| 03-06-26 | 3 | Certificate of Interested Entities by City of Pontiac Police and Fire Retirement System (Williams, Shawn) |
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Source

Favicon for www.cand.uscourts.gov
NDCA Recently Filed Cases cand.uscourts.gov/cases-e-filing/cases/recently-filed-cases
Federal Courts
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Classification

Agency
Federal and State Courts
Filed
March 6th, 2026
Instrument
Enforcement
Legal weight
Binding
Stage
Final
Change scope
Substantive

Who this affects

Applies to
Investors Public companies
Geographic scope
National (US)

Taxonomy

Primary area
Securities
Operational domain
Legal
Topics
Class Actions Corporate Governance

Browse Categories

Federal Courts 26 State Courts 91 Securities Regulation 6 Financial Regulation 43 Consumer Protection 5 Drug Safety 45 Data Protection 21 Competition 2 Attorneys General 3 Insurance Regulation 5 Trade & Export 36 Legislation 42 Energy Regulation 13 Environment 3 Labor & Employment 2 Tax 1

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