Press release
Deadline on May 26th coming up in Lawsuit for Investors in Repro Med Systems, Inc. (NASDAQ: KRMD
A Deadline is coming up on May 26, 2021 in the lawsuit for certain investors in Repro Med Systems, Inc. (NASDAQ: KRMD).
Investors who purchased shares of Repro Med Systems, Inc. (NASDAQ: KRMD have certain options and there are strict and short deadlines running. Deadline: May 26, 2021. NASDAQ: KRMD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Repro Med Systems, Inc. (NASDAQ: KRMD) common shares between August 4, 2020 and January 25, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 4, 2020 and January 25, 2021, the Defendants failed to disclose to investors that starting in January 2020, KORU ramped up the use of allowances, including growth rebates, to retain key customers and to incentivize growth, that as the rebates accrued, the Company’s net sales were reasonably likely to decline, 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 Repro Med Systems, Inc. (NASDAQ: KRMD) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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