An investigation on behalf of current long term investors in ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/25/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of ACADIA Pharmaceuticals Inc.
Investors who are current long term investors in ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) 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: ACAD stocks follows a lawsuit filed against ACADIA Pharmaceuticals Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ACAD stocks, concerns whether certain ACADIA Pharmaceuticals Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the materials submitted in support of the pimavanserin sNDA contained statistical and design deficiencies, that accordingly, the pimavanserin sNDA lacked the evidentiary support that the Company had led investors to believe it possessed, that the FDA was unlikely to approve the pimavanserin sNDA in its present form, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) have certain options and should contact the Shareholders Foundation.
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