San Diego, CA -- (SBWire) -- 05/24/2023 --An investigation was announced for investors in shares of Ryvyl Inc. (NASDAQ: RVYL) concerning potential breaches of fiduciary duties by certain directors of Ryvyl Inc.
Investors who are current long term investors in Ryvyl Inc. (NASDAQ: RVYL) 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: RVYL stocks follows a lawsuit filed against Ryvyl Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: RVYL stocks, concerns whether certain Ryvyl Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges on behalf of investors of Ryvyl Inc. (NASDAQ: RVYL) common shares who purchased NASDAQ: RVYL shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's January 29, 2021 public offering and/or between January 29, 2021 and January 20, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement was false and/or misleading and/or failed to disclose that the Company would restate certain financials, that the Company's internal controls were inadequate, that the Company downplayed and obfuscated its internal controls issues, and that as a result, the registration statement was materially false and/or misleading at all relevant times.
Those who purchased shares of Ryvyl Inc. (NASDAQ: RVYL) 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 The Shareholders Foundation
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.
Ryvyl Inc. (NASDAQ:RVYL) Long Term Investor Alert: Investigation of Possible Breaches of Fiduciary Duties
An investigation was announced for investors in shares of Ryvyl Inc. (NASDAQ:RVYL) concerning potential breaches of fiduciary duties by certain directors of Ryvyl Inc.