An investigation on behalf of investors in Ardelyx, Inc. (NASDAQ:ARDX) shares over potential wrongdoing at Ardelyx, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/06/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Ardelyx, Inc.
Investors who purchased shares of Ardelyx, Inc. (NASDAQ: ARDX) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Ardelyx, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
An investor in shares of Ardelyx, Inc. (NASDAQ: ARDX) filed a lawsuit against certain directors of Ardelyx, Inc over alleged breaches of fiduciary duties. The plaintiff alleges that certain directors engaged in insider trading and made false and misleading statements about Ardelyx's lead product candidate, tenapanor that lead to a 74% stock drop after regulators found issues with certain data about the drug. The lawsuit against certain directors over alleged breaches of fiduciary duties follows a lawsuit that was filed against Ardelyx over alleged Securities Laws Violations. According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that Ardelyx and the other named defendants made materially false and misleading statements regarding tenapanor and the likelihood that it would be approved by the FDA, which led investors to suffer significant losses.
Those who purchased shares of Ardelyx, Inc. (NASDAQ: ARDX) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.