Press release
Investigation announced for Investors in The Joint Corp. (NASDAQ: JYNT) over potential Wrongdoing
An investigation on behalf of investors in The Joint Corp. (NASDAQ: JYNT) shares over potential wrongdoing at The Joint Corp.
Investors who purchased shares of The Joint Corp. (NASDAQ: JYNT) 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 concerns whether certain The Joint Corp directors breached their fiduciary duties and caused damage to the company and its shareholders.
Scottsdale, AZ based The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics in the United States. The Joint Corp. reported that its annual Total Revenue rose from $48.45 million in 2019 to $58.68 million in 2020, and that its Net Income increased from $3.32 million in 2019 to $5.49 million in 2020.
On October 7, 2021, market analyst The Bear Cave issued a report alleging problems at The Joint Corp. alleging that the franchisor of chiropractic clinics has been re-acquiring struggling clinics, may be using an undisclosed related party to make loans to franchises, and has been overbilling customers.
Shares of The Joint Corp. (NASDAQ: JYNT) declined from $100.35 per share to $75.20 per share on October 7, 2021,
Those who purchased shares of The Joint Corp. (NASDAQ: JYNT) 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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