Press release
Investigation announced for Long Term Investors in shares of Assertio Holdings, Inc. (NASDAQ: ASRT) over potential Wrongdoing
An investigation on behalf of current long term investors in Assertio Holdings, Inc. (NASDAQ: ASRT) shares.
Investors who are current long term investors in Assertio Holdings, Inc. (NASDAQ: ASRT) 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: ASRT stocks follows a lawsuit filed against Assertio Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ASRT stocks, concerns whether certain Assertio Holdings, Inc. officers and 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 Northern District of Illinois the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose thatthe Company's reliance on Indocin products to boost its net income was unsustainable given the risk of generic competition, that the Spectrum Acquisition was less valuable than Assertio had represented to investors, that accordingly, Assertio had overstated the positive impact the sale of Indocin products and the Spectrum Acquisition were likely to have on the Company's profitability, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of Assertio Holdings, Inc. (NASDAQ: ASRT) 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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