Press release
Investigation announced for Investors in shares of Silk Road Medical, Inc (NASDAQ: SILK) over potential Wrongdoing
An investigation on behalf of investors in Silk Road Medical, Inc (NASDAQ: SILK) shares over potential wrongdoing.
Investors who purchased shares of Silk Road Medical, Inc (NASDAQ: SILK) 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 Silk Road Medical, Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
Sunnyvale, CA based Silk Road Medical, Inc. operates as a medical device company in the United States. Silk Road Medical, Inc reported that its annual Total Revenuel rose from $101.47 million in 2021 to $138.63 million in 2022, and that its Net Loss increased from $49.46 million in 2021 to $54.76 million in 2022.
On October 10, 2023, Silk Road Medical, Inc missed Wall Street's expectations and reduced full-year guidance of $170 million to $174 million from a prior range of $180 million to $184 million. Additionally, the company announced Erica Rogers, CEO, would be retiring.
Shares of Silk Road Medical, Inc (NASDAQ: SILK) declined from $58.04 per share in January 2023 to as low as $6.36 per share on October 23, 2023.
Those who purchased shares of Silk Road Medical, Inc (NASDAQ: SILK) 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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