Investigation announced for Long-Term Investors who hold shares of Cassava Sciences, Inc. (NASDAQ: SAVA)

An investigation was announced for current long-term investors in shares of Cassava Sciences, Inc. (NASDAQ: SAVA) concerning potential breaches of fiduciary duties by certain directors of Cassava Sciences, Inc.

Investors who are current long term investors in Cassava Sciences, Inc. (NASDAQ: SAVA) 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: SAVA stocks follows a lawsuit filed against Cassava Sciences, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SAVA stocks, concerns whether certain Cassava Sciences 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 Western District of Texas the plaintiff alleges that the defendants made false and misleading statements and failed to disclose that the quality and integrity of the scientific data supporting Cassava Sciences’ claims for simufilam’s efficacy had been overstated, that the scientific data supporting Cassava Sciences’ claims for simufilam’s efficacy were biased; and that as a result, defendants’ positive statements during the Class Period about Cassava Sciences’ business metrics and financial prospects and the likelihood of U.S. Food Drug Administration ("FDA") approval were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Cassava Sciences, Inc. (NASDAQ: SAVA) 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.