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Investigation for Long-Term Investors in NASDAQ: MYGN shares over possible Wrongdoing at Myriad Genetics, Inc.

02-19-2020 06:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Myriad Genetics, Inc. (NASDAQ: MYGN) shares.

An investigation on behalf of current long term investors in Myriad Genetics, Inc. (NASDAQ: MYGN) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Myriad Genetics, Inc.

Investors who are current long term investors in Myriad Genetics, Inc. (NASDAQ: MYGN) 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 NASDAQ: MYGN stocks follows a lawsuit filed against Myriad Genetics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in Myriad Genetics, Inc. stocks, concerns whether certain Myriad Genetics, 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 District of Utah the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that GeneSight lacked evidence or information sufficient to support the tests in their current form, including their purported benefits, that the U.S. Food and Drug Administration ("FDA") had requested changes to GeneSight and questioned the validity of the test's purported benefits, that Myriad had been in ongoing discussions with the FDA regarding the FDA's requested changes to GeneSight, that Myriad's acquisition of Counsyl - and thereby, Foresight - caused the Company to incur the risk of suffering from lower reimbursement for its expanded carrier screening tests, which had the potential to, and actually did, materialize into a material negative impact on the Company's revenue, and that as a result, Myriad's public statements were materially false and misleading at all relevant times

Those who purchased shares of Myriad Genetics, Inc. (NASDAQ: MYGN) 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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