An investigation on behalf of current long term investors in Anavex Life Sciences Corp. shares over possible breaches of fiduciary duty by certain directors was announced and NASDAQ:AVXL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/06/2016 -- An investigation for shareholders of Anavex Life Sciences Corp. (NASDAQ:AVXL) concerning potential breaches of fiduciary duties by certain directors of Anavex Life Sciences Corp. was announced.
Investors who are current long term investors in Anavex Life Sciences Corp. (NASDAQ:AVXL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for current long term investors in NASDAQ:AVXL stocks follows a lawsuit filed recently against Anavex Life Sciences Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:AVXL stocks, concerns whether certain Anavex Life Sciences 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 allegedly false and/or misleading statements and/or allegedly failed to disclose that Anavex had used a paid stock promoter to artificially inflate the Company's share price and that as a result of the foregoing, Anavex's public statements were materially false and misleading at all relevant times.
On December 29, 2015, pre-market, Anavex Life Sciences Corp. (NASDAQ:AVXL) disclosed that it had received a subpoena from the U.S. Securities and Exchange Commission("SEC") on December 22, 2015. Anavex Life Sciences Corp. stated, in part, that "[t]he Company believes the subpoena and investigation relate to the recent unusual activity in the market for the Company's shares." Shares of Anavex Life Sciences Corp. (NASDAQ:AVXL) declined on December 31, 2015, to $4.60 per share.
Those who purchased shares of Anavex Life Sciences Corp. (NASDAQ:AVXL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com