An investigation on behalf of investors in Valneva SE (NASDAQ:VALN) shares over potential wrongdoing at Valneva SE was announced.
San Diego, CA -- (SBWIRE) -- 11/08/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Valneva SE.
Investors who purchased shares of Valneva SE (NASDAQ: VALN) s 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 concerns whether NASDAQ: VALN officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
France based Valneva SE, a specialty vaccine company, focused on the development and commercialization of prophylactic vaccines for infectious diseases with unmet needs.
On or about May 6, 2021, Valneva SE (NASDAQ: VALN) sold approximately 3.5 million shares of stock in its initial public stock offering (the "IPO") at $26.41 a share, raising nearly $100 million in new capital.
On September 13, 2021, Valneva SE (NASDAQ: VALN) reported the UK Government has terminated an agreement for its Covid-19 vaccination over allegations of a breach of the agreement.
Shares of Valneva SE (NASDAQ: VALN) declined to as low as $24.83 per share on September 20, 2021.
Those who purchased shares of Valneva SE (NASDAQ: VALN) 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.