A lawsuit was filed on behalf of investors in Retrophin Inc (NASDAQ:RTRX) shares over alleged securities laws violations. Deadline: December 19, 2014. NASDAQ:RTRX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 10/27/2014 --An investor, who purchased shares of Retrophin Inc (NASDAQ:RTRX), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Retrophin Inc in connection with certain allegedly false and misleading statements made between March 27, 2014 and September 30, 2014.

Investors who purchased shares of Retrophin Inc (NASDAQ:RTRX) have certain options and for certain investors are short and strict deadlines running. Deadline: December 19, 2014. NASDAQ:RTRX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Retrophin Inc (NASDAQ:RTRX) common shares between March 27, 2014 and September 30, 2014 that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between March 27, 2014 and September 30, 2014 Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Retrophin Inc’s founder and Chief Executive Officer was committing stock-trading irregularities and other violations of the Company's Incentive Compensation Plan and other securities rules, that said irregularities included grants of shares in violation of the Company's Incentive Compensation Plan and the failure to disclose stock grants to employees, and that as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

Retrophin Inc reported that its Net Loss increased from $0.01 million for the 12 months period that ended on Feb. 29, 2012 to $33.82 million for the 12 months period that ended on Dec. 31, 2013. Shares of Retrophin Inc (NASDAQ:RTRX) grew from $4.90 per share in July 2013 to as high as $23.36 per share in April 2014.

On September 16, 2014, after the close of trading, Retrophin Inc announced that on September 15, 2014, it had reached an agreement with its Chief Financial Officer, Marc Panoff, pursuant to which Mr. Panoff's employment with the Company will terminate, effective as of February 28, 2015. Also, Retrophin Inc announced that on September 10, 2014, Jeffrey Paley, MD stepped down as a member of the Board of Directors.

Shares of Retrophin Inc declined to as low as $7.85 per share on October 1, 2014.

On October 23, 2014, NASDAQ:RTRX shares closed at $9.41 per share.

Those who purchased shares of Retrophin Inc 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