Investigation announced for Long-Term Investors in shares of Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) over potential Wrongdoing

An investigation was announced for current long-term investors in shares of Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) concerning potential breaches of fiduciary duties by certain directors and officers of Amylyx Pharmaceuticals, Inc.

Investors who are current long term investors in Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) 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: AMLX stocks follows a lawsuit filed against Amylyx Pharmaceuticals, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AMLX stocks, concerns whether certain Amylyx Pharmaceuticals, 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 New York the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that the Defendants had overstated RELYVRIO's commercial prospects, that patients were discontinuing treatment with RELYVRIO after six months, that the rate at which new patients were starting treatment with RELYVRIO was decreasing, that accordingly, that the Defendants had also overstated RELYVRIO's prescription rate, that the Defendants attempted to hide the foregoing negative trends from investors and the market by blocking analysts from viewing RELYVRIO's prescription data, and that as a result, the Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) 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.