An investigation on behalf of investors in VIVUS, Inc. (NASDAQ:VVUS) shares over potential wrongdoing at VIVUS, Inc. was announced and NASDAQ:VVUS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/26/2016 -- An investigation was announced for current long-term investors in shares of VIVUS, Inc. (NASDAQ:VVUS) was announced over potential breaches of fiduciary duties by certain officers and directors at VIVUS, Inc.
Investors who purchased shares of VIVUS, Inc. (NASDAQ:VVUS) 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 concerns whether certain VIVUS directors breached their fiduciary duties.
VIVUS, Inc. reported that its annual Total Revenue declined from $114.18 million in 2014 to $95.43 million in 2015 and that its Net Loss increased from $82.65 million in 2014 to $93.11 million in 2015.
Shares of VIVUS, Inc. (NASDAQ:VVUS) declined from almost $15 per share in August 2013 to as low as $0.92 per share on February 8, 2016.
On May 24, 2016, NASDAQ:VVUS shares closed at $1.23 per share.
Those who purchased shares of VIVUS, 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