An investigation on behalf of current long term investors in Chembio Diagnostics, Inc. (NASDAQ:CEMI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/21/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Chembio Diagnostics, Inc.
Investors who are current long term investors in Chembio Diagnostics, Inc. (NASDAQ: CEMI) shares, 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 for investors in NASDAQ: CEMI stocks follows a lawsuit filed against Chembio Diagnostics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CEMI stocks, concerns whether certain Chembio Diagnostics, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Company failed to disclose that, the Company's Dual Path Platform ("DPP") COVID-19 test did not provide high-quality results and there were material performance concerns with the accuracy of the test such that it was not reasonable to believe that the test may be effective in detecting antibodies against SARS-CoV-2; and as a result, there was a material risk to public health from the false test results.
Those who purchased shares of Chembio Diagnostics, Inc. (NASDAQ: CEMI) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.