San Diego, CA -- (SBWIRE) -- 09/29/2023 -- An investigation was announced for investors in shares of Waldencast plc (NASDAQ: WALD) over potential breaches of fiduciary duties by directors at Waldencast plc.

Investors who purchased shares of Waldencast plc (NASDAQ: WALD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Waldencast plc directors breached their fiduciary duties and caused damage to the company and its shareholders.

White Plains, NY based Waldencast plc, a skincare company, develops, markets, and sells skin health products worldwide. On July 5, 2023, after the market closed, Waldencast plc filed a current report with the SEC in which it disclosed, among other things that certain financial statements of Obagi, a company that it had acquired, could no longer be relied upon because Waldencast plc expected to restate those financial statements.

Shares of Waldencast plc (NASDAQ: WALD) declined from $10.06 per share on June 23, 2023, to $5.00 per share on August 15, 2023.

Those who purchased shares of Waldencast plc (NASDAQ: WALD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.