An investigation on behalf of current long term investors in Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2022 -- Certain directors of Aurinia Pharmaceuticals Inc. are under investigation over possible breaches of fiduciary duties.
Investors who are current long term investors in Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) 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: AUPH stocks follows a lawsuit filed against Aurinia Pharmaceuticals Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AUPH stocks, concerns whether certain Aurinia Pharmaceuticals 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 Aurinia Pharmaceuticals Inc was experiencing declining revenues, that Aurinia Pharmaceuticals Inc's 2022 sales outlook for LUPKYNIS would fall well short of expectations, that accordingly, the Company had significantly overstated LUPKYNIS's commercial prospects, that as a result, the Company had overstated its financial position and/or prospects for 2022, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
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, 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.