An investigation on behalf of current long term investors in Novavax, Inc. (NASDAQ:NVAX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/14/2022 -- Certain directors of Novavax, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Novavax, Inc. (NASDAQ: NVAX) 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 current long term investors in NASDAQ: NVAX stocks follows a lawsuit filed against Novavax, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: NVAX stocks, concerns whether certain Novavax 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: (i) Novavax overstated its manufacturing capabilities and downplayed manufacturing issues that would impact its approval timeline for NVX-CoV2373; (ii) as a result, Novavax was unlikely to meet its anticipated EUA regulatory timelines for NVX-CoV2373; (iii) accordingly, the Company overstated the regulatory and commercial prospects for NVX-CoV2373; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Novavax, Inc. (NASDAQ: NVAX) have certain options and should contact the Shareholders Foundation.
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