San Diego, CA -- (SBWire) -- 01/26/2022 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of PolarityTE, Inc..
Investors who are current long term investors in PolarityTE, Inc. (NASDAQ: PTE) 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 current long term investors in NASDAQ: PTE stocks follows a lawsuit filed against PolarityTE, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PTE stocks, concerns whether certain PolarityTE, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the SkinTE IND was deficient with respect to certain Chemistry, Manufacturing, and Control items, that as a result, it was unlikely that the FDA would approve the SkinTE IND in its current form, that accordingly, the Company had materially overstated the likelihood that the SkinTE IND would obtain FDA approval, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of PolarityTE, Inc. (NASDAQ: PTE) 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.
PolarityTE, Inc. (NASDAQ:PTE) Long Term Investor Alert: Investigation over Possible Wrongdoing
An investigation on behalf of current long term investors in PolarityTE, Inc. (NASDAQ:PTE) shares over possible breaches of fiduciary duty by certain officers and directors was announced.