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Investigation announced for Investors in Immunomedics, Inc. (NASDAQ: IMMU) over potential Wrongdoing

08-27-2020 02:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Immunomedics, Inc. (NASDAQ: IMMU) shares.

An investigation on behalf of current long term investors in Immunomedics, Inc. (NASDAQ: IMMU) shares.

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

Investors who are current long term investors in Immunomedics, Inc. (NASDAQ: IMMU) 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: IMMU stocks follows a lawsuit filed against Immunomedics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: IMMU stocks, concerns whether certain Immunomedics 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 New Jersey the plaintiff alleges that the defendants misled investors by failing to disclose that the Company's Morris Plains, New Jersey manufacturing facility had suffered a serious data integrity breach, and that the FDA found Immunomedics manipulated bioburden samples, misrepresented an integrity test procedure in the batch record, and backdated batch records, including the dates of analytical results.

Those who purchased shares of Immunomedics, Inc. (NASDAQ: IMMU) 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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