San Diego, CA -- (SBWire) -- 11/17/2021 --An investigation on behalf of current long-term investors in shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) concerning potential breaches of fiduciary duties by certain directors and officers of Spectrum Pharmaceuticals, Inc. was announced.
Investors who are current long term investors in Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) 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: SPPI stocks follows a lawsuit filed against Spectrum Pharmaceuticals, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SPPI stocks, concerns whether certain Spectrum Pharmaceuticals, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of Nevada the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 27, 2018 and August 5, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that the ROLONTIS manufacturing facility maintained deficient controls and/or procedures, that the foregoing deficiencies decreased the likelihood that the FDA would approve the ROLONTIS BLA in its current form, that Spectrum had therefore materially overstated the ROLONTIS BLA's approval prospects, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) 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.
Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) Long Term Investor Alert: Investigation of Potential Wrongdoing
An investigation on behalf of current long term investors in Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.