An investigation on behalf of current long term investors in MEI Pharma, Inc. (NASDAQ: MEIP) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/09/2020 -- Certain directors of MEI Pharma, Inc are under investigation on behalf of current long-term investors in shares of MEI Pharma, Inc. (NASDAQ: MEIP) concerning potential breaches of fiduciary duties.
Investors who are current long term investors in MEI Pharma, Inc. (NASDAQ: MEIP) shares, 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 for investors in NASDAQ: MEIP stocks follows a lawsuit filed against MEI Pharma, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MEIP stocks, concerns whether certain MEI Pharma, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that MEI Pharma had overstated Pracinostat's potential efficacy as an AML treatment for the target population, that consequently, the Phase 3 Pracinostat Trial was unlikely to meet its primary endpoint of overall survival, that all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial condition and prospects for Pracinostat, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of MEI Pharma, Inc. (NASDAQ: MEIP) have certain options and should contact the Shareholders Foundation.
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