San Diego, CA -- (SBWire) -- 06/11/2021 --Certain directors of Renewable Energy Group, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Renewable Energy Group, Inc. (NASDAQ: REGI) shares, 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 for investors in NASDAQ: REGI stocks follows a lawsuit filed against Renewable Energy Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors NASDAQ: REGI stocks, concerns whether certain Renewable Energy Group, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers, that, as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020, that, as a result, Renewable Energy's revenue and net income were overstated for certain periods, that there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Renewable Energy Group, Inc. (NASDAQ: REGI) 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:REGI Long Term Shareholder Notice: Investigation of Potential Wrongdoing at Renewable Energy Group, Inc.
An investigation on behalf of current long term investors in Renewable Energy Group, Inc. (NASDAQ:REGI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.