An investigation for investors in NASDAQ:ADXS shares over potential wrongdoing by Advaxis, Inc. was announced and NASDAQ:ADXS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/21/2016 -- An investigation was announced on behalf of investors of Advaxis, Inc. (NASDAQ:ADXS) shares over potential misconduct by certain of its directors in connection with the grant of certain stock options.
Investors who purchased shares of Advaxis, Inc. (NASDAQ:ADXS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns the grant of an aggregate of 1,567,595 stock options to the Compensation Committee and to the executive officers and directors of Advaxis, Inc. in 2015. In particular, the investigation focuses on whether there was an improper granting of "spring-loaded" stock options, as well as excessive and unfair compensation received by non-employee Board members.
Shares of Advaxis, Inc. (NASDAQ:ADXS) declined from $15.98 per share in August 2016 to as low as $8.48 per share on Octboer 19, 2016.
Those who purchased shares of Advaxis, Inc. 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