Investigation announced for Long-Term Investors in shares of Kadmon Holdings Inc (NYSE: KDMN)

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

Investors who are current long term investors in Kadmon Holdings Inc (NYSE: KDMN) 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 NYSE: KDMN stocks follows a lawsuit filed against Kadmon Holdings Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: KDMN stocks, concerns whether certain Kadmon Holdings 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 made false and/or misleading statements and/or failed to disclose that the Belumosudil NDA was incomplete and/or deficient, that the additional new data that the Company submitted in support of the Belumosudil NDA in response to an information request from the FDA materially altered the NDA submission, that accordingly, the initial Belumosudil NDA submission lacked the degree of support that the Company had led investors to believe, that accordingly, the FDA was likely to extend the PDUFA target action date to review the Belumosudil NDA, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Kadmon Holdings Inc (NYSE: KDMN) 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.

This release was published on openPR.