An investigation on behalf of current long term investors in PolarityTE, Inc. (NASDAQ: COOL) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 12/04/2019 -- An investigation on behalf of current long-term investors in shares of PolarityTE, Inc. (NASDAQ: COOL) concerning potential breaches of fiduciary duties by certain directors and officers of PolarityTE, Inc. was announced.
Investors who are current long term investors in PolarityTE, Inc. (NASDAQ: COOL) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: COOL stocks follows a lawsuit filed against PolarityTE, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: COOL stocks, concerns whether certain PolarityTE, directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District Court of Utah the plaintiff alleges that the Defendants made false and/or misleading statements and/or failures to disclose pertaining to a number of topics, including the status of Patent #14/954,335 at the time it was acquired by the Company on April 7, 2017 and the months following, the updated status of Patent #14/954,335 after its June 4, 2018 final rejection by the USPTO, and that as a result of the foregoing, PolarityT's publicly disseminated financial statements were materially false and misleading.
Those who purchased shares of PolarityTE, Inc. (NASDAQ: COOL) have certain options and should contact the Shareholders Foundation.
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