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Investors who lost money with shares of Veru Inc. (NASDAQ: VERU) should contact the Shareholders Foundation

03-16-2023 01:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Veru Inc. (NASDAQ: VERU) shares over possible breaches of fiduciary d

An investigation on behalf of current long term investors in Veru Inc. (NASDAQ: VERU) shares over possible breaches of fiduciary d

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

Investors who are current long term investors in Veru Inc. (NASDAQ: VERU) 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 Veru Inc. (NASDAQ: VERU stocks follows a lawsuit filed against Veru Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VERU stocks, concerns whether certain Veru 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 Southern District of Florida the plaintiff alleges that the Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the data from the VERU-111 Phase 3 trial and the Company's interactions with the FDA, that Veru Inc. misled its shareholders to believe that the data from the Phase 3 trial was sufficient to support Emergency Use Authorization ("EUA") and even the submission of a New Drug Application ("NDA") without any further studies, and that VERU's filings therefore concealed the true risks faced by the Company in gaining approval for its EUA request.

Those who purchased shares of Veru Inc. (NASDAQ: VERU) 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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