San Diego, CA -- (SBWIRE) -- 12/01/2015 -- An investigation for shareholders in NASDAQ:APDN shares over potential securities laws violations by Applied DNA Sciences in connection certain financial statements was announced.

Investors who purchased shares of Applied DNA Sciences Inc (NASDAQ:APDN), 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 focuses on possible claims on behalf of purchasers of the securities of Applied DNA Sciences Inc (NASDAQ:APDN) concerning whether a series of statements by Applied DNA Sciences regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 29, 2015, a report was published alleging that Applied DNA Sciences Inc "has spent 6.6x more on insider compensation than R&D" and "is now facing imminent insolvency." The report also accuses Applied DNA Sciences Inc of engaging in fraudulent accounting practices involving a "Valeant-esque" relationship with a "questionably opaque" UK company called Patronus Systems Ltd. Shares of Applied DNA Sciences Inc (NASDAQ:APDN) dropped on October 29, 2015 to as low as $2.74 per share.

On November 30, 2015, NASDAQ:APDN shares closed at $3.00 per share.

Those who purchased Applied DNA Sciences Inc shares 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