Press release
Investigation announced for Long-Term Investors in shares of Neptune Wellness Solutions Inc (NASDAQ: NEPT)
An investigation on behalf of current long term investors in Neptune Wellness Solutions Inc (NASDAQ: NEPT) shares over possible br
Investors who are current long term investors in Neptune Wellness Solutions Inc (NASDAQ: NEPT) 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: NEPT stocks follows a lawsuit filed against Neptune Wellness Solutions Inc (NASDAQ: NEPT over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: NEPT stocks, concerns whether certain Neptune Wellness Solutions Inc 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 Eastern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that the cost of Neptune's integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than the Company had acknowledged, placing significant strain on the Company's capital reserves, that accordingly, it was reasonably foreseeable that the company would need to conduct additional stock offerings to raise more capital, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Neptune Wellness Solutions Inc (NASDAQ: NEPT) 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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