The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Alcobra, Ltd. securities during the period between August 13, 2015 and January 17, 2017, inclusive . Investors who wish to become proactively involved in the litigation have until April 18, 2017 to seek appointment as lead plaintiff.