An investigation on behalf of current long term investors in Vertex Energy, Inc. (NASDAQ:VTNR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/01/2023 -- Certain directors of Vertex Energy, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Vertex Energy, Inc. (NASDAQ: VTNR) 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: VTNR stocks follows a lawsuit filed against Vertex Energy, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VTNR stocks, concerns whether certain Vertex Energy, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that that, unbeknownst to investors, immediately prior to the closing of the Mobile acquisition, defendants had entered into, or were a party to, a series of transactions that dramatically capped the new plant's profitability and would, in fact, lead to significant losses immediately following the acquisition, and that these transactions, which in some instances were required pursuant to the financing arrangements Vertex Energy had entered into, resulted in over $125 million in losses between April 1, 2022 and August 8, 2022.
Those who purchased shares of Vertex Energy, Inc. (NASDAQ: VTNR) have certain options and should contact the Shareholders Foundation.
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