An investigation on behalf of current long term investors in Sorrento Therapeutics, Inc. (NASDAQ:SRNE) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: SRNE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/25/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Sorrento Therapeutics, Inc..
Investors who are current long term investors in Sorrento Therapeutics, Inc. (NASDAQ: SRNE) shares, 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 for investors in NASDAQ: SRNE stocks follows a lawsuit filed against Sorrento Therapeutics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SRNE stocks, concerns whether certain Sorrento Therapeutics, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Sorrento Therapeutics, Inc. failed to disclose that the Company's initial finding of "100% inhibition" in an in vitro virus infection will not necessarily translate to success or safety in vivo, or in person, that the Company's finding was not a "cure" for COVID-19; and (ii) as a result of the foregoing, the lawsuit alleges that Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis in violation of section 10(b) of the Securities Exchange Act of 1934.
Those who purchased shares of Sorrento Therapeutics, Inc. (NASDAQ: SRNE) 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 Shareholders Foundation, Inc.
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.