An investigation on behalf of current long term investors in CorMedix Inc. (NASDAQ:CRMD) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/21/2021 -- Certain directors of CorMedix Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in CorMedix Inc. (NASDAQ: CRMD) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: CRMD stocks follows a lawsuit filed against CorMedix Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CRMD stocks, concerns whether certain CorMedix directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants made material misrepresentations concerning the following: (i) deficiencies existed with respect to DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; (ii) in light of the foregoing deficiencies, the FDA was unlikely to approve the DefenCath NDA for CRBSIs in its present form; (iii) Defendants had downplayed the true scope of the deficiencies with DefenCath's manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of CorMedix Inc. (NASDAQ: CRMD) have certain options and should contact the Shareholders Foundation.
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