An investigation on behalf of current long term investors in Neptune Wellness Solutions Inc (NASDAQ:NEPT) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:NEPT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/28/2021 -- Certain directors of Neptune Wellness Solutions Inc are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Neptune Wellness Solutions Inc (NASDAQ: NEPT) 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: NEPT stocks follows a lawsuit filed against Neptune Wellness Solutions Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: NEPT stocks, concerns whether certain Neptune Wellness Solutions Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants failed to disclose to investors that the cost of Neptune's integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than the Company had acknowledged, placing significant strain on the Company's capital reserves, that accordingly, it was reasonably foreseeable that the company would need to conduct additional stock offerings to raise more capital, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Neptune Wellness Solutions Inc (NASDAQ: NEPT) 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.