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Investigation announced for Long-Term Investors in First Choice Healthcare Solutions, Inc. (OTC: FCHS)

12-09-2019 10:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in First Choice Healthcare Solutions, Inc. (OTC: FCHS) shares.

An investigation on behalf of current long term investors in First Choice Healthcare Solutions, Inc. (OTC: FCHS) shares.

An investigation on behalf of current long-term investors in shares of First Choice Healthcare Solutions, Inc. (OTC: FCHS) concerning potential breaches of fiduciary duties by certain directors and officers of First Choice Healthcare Solutions, Inc. was announced.

Investors who are current long term investors in First Choice Healthcare Solutions, Inc. (OTC: FCHS) 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 OTC: FCHS stocks follows a lawsuit filed against First Choice Healthcare Solutions, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: FCHS stocks, concerns whether certain First Choice Healthcare Solutions 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 Middle District of Florida the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that defendants retained Elite Stock Research, Inc. to falsely promote First Choice securities to investors in order to materially inflate the price of First Choice stock, that Christian Romandetti, Sr., First Choice’s former CEO, President, and Chairman of the Board of Directors, participated in a scheme to materially inflate the price of First Choice securities through an unlawful, paid promotional campaign, in which Romandetti personally profited, that defendants were in violation of First Choice’s internal compliance policies including its Compliance Program, Code of Ethics, and Disclosure Policy, by participating in the pump and dump scheme, and that a primary cause of fluctuations in First Choice’s stock price was the unlawful campaign, in which Romandetti directly participated, that caused the price of First Choice stock to be inflated while at the same time allowed others to dump their First Choice stock for profit. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of First Choice Healthcare Solutions, Inc. (OTC: FCHS) 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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