A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Retrophin Inc (NASDAQ: RTRX) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on June 24, 2016 and NASDAQ: RTRX investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/10/2016 -- The Shareholders Foundation announced that a deadline is coming up on June 24, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Retrophin Inc (NASDAQ:RTRX) between June 13, 2013 and September 30, 2014.
Investors who purchased a significant amount of shares of Retrophin Inc (NASDAQ:RTRX) between June 13, 2013 and September 30, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Retrophin Inc (NASDAQ:RTRX) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/retrophin-inc-nasdaq-rtrx-investor-securities-class-action-lawsuit-10202014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is June 24, 2016. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Retrophin Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 27, 2014 and September 30, 2014. According to the complaint the plaintiff alleges on behalf of purchasers of Retrophin Inc (NASDAQ:RTRX) common shares between March 27, 2014 and September 30, 2014 that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 27, 2014 and September 30, 2014 Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Retrophin Inc's founder and Chief Executive Officer was committing stock-trading irregularities and other violations of Retrophin Inc's Incentive Compensation Plan and other securities rules, that said irregularities included grants of shares in violation of Retrophin Inc's Incentive Compensation Plan and the failure to disclose stock grants to employees, and that as a result of the above, Retrophin Inc's financial statements were materially false and misleading at all relevant times.
Those who purchased shares of Retrophin 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