The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Medbox Inc (OTCMKTS:MDBX) shares was initiated 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 email@example.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 16, 2015, at $6.00 per share.
Those who purchased shares of Medbox Inc (OTCMKTS:MDBX) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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