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Investigation announced for Long-Term Investors in shares of SCWorx Corp. (NASDAQ: WORX) Long

08-18-2020 09:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in SCWorx Corp. (NASDAQ: WORX) shares.

An investigation on behalf of current long term investors in SCWorx Corp. (NASDAQ: WORX) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of SCWorx Corp.

Investors who are current long term investors in SCWorx Corp. (NASDAQ: WORX) 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: WORX stocks follows a lawsuit filed against SCWorx Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: WORX stocks, concerns whether certain SCWorx Corp. 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 Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that SCWorx’s supplier for COVID-19 tests had previously misrepresented its operations, that SCWorx’s buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests, that, as a result, the Company’s purchase order for COVID-19 tests had been overstated or entirely fabricated, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of SCWorx Corp. (NASDAQ: WORX) 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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