An investigation on behalf of current long term investors in Rockwell Medical, Inc. (NASDAQ: RMTI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: RMTI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/24/2019 -- Certain directors of Rockwell Medical, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Rockwell Medical, Inc. (NASDAQ: RMTI) 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: RMTI stocks follows a lawsuit filed recently against Rockwell Medical, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: RMTI stocks, concerns whether certain Rockwell Medical, 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: Rockwell was aware that the Centers for Medicare and Medicaid Services will not pursue Rockwell's proposal for separate reimbursement for Triferic, that the estimated reserves in Rockwell's Form 10-Q for the quarter ended March 31, 2018 are misstated, that there was a material weakness in Rockwell's internal control over financial reporting, that consequently, Rockwell's internal control over financial reporting was ineffective between March 16, 2018 and June 26, 2018, that Robert L. Chioini, former Chief Executive Officer of Rockwell, withheld material information regarding Triferic from Rockwell's auditor, corporate counsel and five independent directors of Rockwell's Board, and that as a result, Defendants' statements about Rockwell's business, operations and prospects were materially false and misleading and/or lacked reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Rockwell Medical, Inc. (NASDAQ: RMTI) have certain options and should contact the Shareholders Foundation.
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