Medbox Inc (OTCMKTS:MDBX) Investor Alert: Investigation over Possible Breaches of Fiduciary Duties

An investigation on behalf of investors in Medbox Inc (OTCMKTS:MDBX) shares over potential wrongdoing at Medbox Inc was announced and OTCMKTS:MDBX stockholders should contact the Shareholders Foundation.

Logo

San Diego, CA -- (SBWire) -- 01/13/2015 --An investigation on behalf of current long-term investors in shares of Medbox Inc (OTCMKTS:MDBX) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Medbox.

Investors who purchased shares of Medbox Inc (OTCMKTS:MDBX) 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 Medbox officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Shares of Medbox Inc (OTCMKTS:MDBX) grew from $10.37 per share in late December 2013 to as high as $73.90 per share on January 7, 2014.

On February 18, 2014, a report was published stating that Medbox Inc "has systematically and repeatedly committed FRAUD on their financial statements, and the public statements they make about their financials are laced with lies."

On December 30, 2014, Medbox Inc (OTCMKTS:MDBX) announced it will amend and restate its financial statements for the year ended December 31, 2013, the third and fourth quarters of 2013 and the first three quarters of 2014.

Shares of Medbox Inc closed on January 9, 2015, at $6.45 per share.

Those who purchased shares of Medbox Inc (OTCMKTS:MDBX), 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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/574009