San Diego, CA -- (SBWire) -- 12/15/2021 --Certain directors of The Joint Corp. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of The Joint Corp. (NASDAQ: JYNT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain The Joint Corp directors breached their fiduciary duties and caused damage to the company and its shareholders.
Scottsdale, AZ based The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics in the United States. The Joint Corp. reported that its annual Total Revenue rose from $48.45 million in 2019 to $58.68 million in 2020, and that its Net Income increased from $3.32 million in 2019 to $5.49 million in 2020.
On October 7, 2021, market analyst The Bear Cave issued a report alleging problems at The Joint Corp. alleging that the franchisor of chiropractic clinics has been re-acquiring struggling clinics, may be using an undisclosed related party to make loans to franchises, and has been overbilling customers.
Shares of The Joint Corp. (NASDAQ: JYNT) declined from $100.35 per share to $63.19 per share on December 14, 2021,
Those who purchased shares of The Joint Corp. (NASDAQ: JYNT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:JYNT Shareholder Notice: Investigation over Potential Wrongdoing at the Joint Corp.
An investigation on behalf of investors in The Joint Corp. (NASDAQ:JYNT) shares over potential wrongdoing at The Joint Corp. was announced.