An investigation on behalf of current long term investors in Misonix, Inc. (NASDAQ:MSON) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:MSON stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/27/2017 -- An investigation on behalf of current long-term investors in shares of Misonix, Inc. (NASDAQ:MSON) concerning potential breaches of fiduciary duties by certain directors and officers of Misonix, Inc. was announced.
Investors who are current long term investors in Misonix, Inc. (NASDAQ:MSON) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm for current long term investors in NASDAQ:MSON stocks follows a lawsuit filed recently against Misonix, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:MSON stocks, concerns whether certain Misonix 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 Eastern District of New York the plaintiff alleges that between November 5, 2015 and September 14, 2016 the defendants made false and/or misleading statements and/or failed to disclose that deficiencies existed in Misonix's internal controls over financial reporting, and that as a result, Defendants' statements about Misonix's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 14, 2016, Misonix, Inc. disclosed that the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 will be delayed pending the completion of an investigation by Misonix's Audit Committee relating to deficiencies that existed in the Misonix's internal control over financial reporting at June 30, 2016. Shares of Misonix, Inc. (NASDAQ:MSON) declined on September 15, 2016 to as low as $4.95 per share.
Those who purchased shares of Misonix, Inc. have certain options and should contact the Shareholders Foundation.
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