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Investigation announced for Investors in shares of Zogenix, Inc. (NASDAQ: ZGNX)

12-04-2019 03:03 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Zogenix, Inc. (NASDAQ: ZGNX) shares over potential wrongdoing at Zogenix, Inc.

An investigation on behalf of investors in Zogenix, Inc. (NASDAQ: ZGNX) shares over potential wrongdoing at Zogenix, Inc.

An investigation on behalf of current long-term investors in shares of Zogenix, Inc. (NASDAQ: ZGNX) was announced over potential breaches of fiduciary duties by certain officers and directors at Zogenix, Inc.

Investors who purchased shares of Zogenix, Inc. (NASDAQ: ZGNX) and currently hold any of those NASDAQ: ZGNX 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 concerns whether certain Zogenix directors breached their fiduciary duties and caused damage to the company and its shareholders.

On April 12, 2019, a lawsuit was filed against Zogenix, Inc. (NASDAQ: ZGNX) over alleged violations of Federal Securities Laws.
The plaintiff claims that between February 6, 2019 and April 8, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that Zogenix’s NDA for FINTEPLA contained inadequate non-clinical data and an incorrect version of a clinical dataset, that consequently, Zogenix’s NDA for FINTEPLA was unlikely to gain FDA approval, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Zogenix, Inc. (NASDAQ: ZGNX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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