An investigation on behalf of current long term investors in Shattuck Labs, Inc. (NASDAQ:STTK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/25/2022 -- Certain directors of Shattuck Labs, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Shattuck Labs, Inc. (NASDAQ: STTK) 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: STTK stocks follows a lawsuit filed against Shattuck Labs, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: STTK stocks, concerns whether certain Shattuck Labs directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the materials supporting the IPO and defendants between October 9, 2020 and November 9, 2021 made false and/or misleading statements and/or failed to disclose that the Collaboration Agreement with Takeda was not solid, that Takeda and Shattuck would "mutually agree" to terminate the Collaboration Agreement in essentially one year, that as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda, and that as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Shattuck Labs, Inc. (NASDAQ: STTK) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation
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.