A lawsuit was filed for shareholders in NASDAQ:AVXL shares over alleged securities laws violations and NASDAQ:AVXL investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/01/2016 -- A shareholder in Anavex Life Sciences Corp. filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Anavex Life Sciences Corp.
Investors who purchased shares of Anavex Life Sciences Corp. (NASDAQ:AVXL) have certain options and for certain investors are short and strict deadlines running. Deadline: February 29, 2016. NASDAQ:AVXL investors should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Anavex Life Sciences Corp. (NASDAQ:AVXL) common shares between May 17, 2013 and December 28, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 17, 2013 and December 28, 2015 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, respectively $3.52 per share on January 21, 2015.
Those who purchased shares of Anavex Life Sciences Corp. (NASDAQ:AVXL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego