An investigation on behalf of current long term investors in Repro Med Systems, Inc. (NASDAQ: KRMD) shares.
An investigation on behalf of current long-term investors in shares of Repro Med Systems, Inc. (NASDAQ: KRMD) concerning potential breaches of fiduciary duties by certain directors and officers of Repro Med Systems, Inc. was announced.
Investors who are current long term investors in Repro Med Systems, Inc. (NASDAQ: KRMD) shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NASDAQ: KRMD stocks follows a lawsuit filed against Repro Med Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: KRMD stocks, concerns whether certain Repro Med Systems, Inc. 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 Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that starting in January 2020, KORU ramped up the use of allowances, including growth rebates, to retain key customers and to incentivize growth, that as the rebates accrued, the Company’s net sales were reasonably likely to decline, and that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Repro Med Systems, Inc. (NASDAQ: KRMD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
E-Mail: [email protected]
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.
This release was published on openPR.