An investigation for investors in NASDAQ:FBIO shares was announced over potential breaches of fiduciary duties by certain officers and directors at New York based Fortress Biotech.
Investors who purchased shares of Fortress Biotech Inc (NASDAQ:FBIO) 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 concerns whether certain Fortress Biotech Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Fortress Biotech, Inc., formerly Coronado Biosciences, Inc., is a biopharmaceutical company. Fortress Biotech Inc reported that its Net Loss increased from $20.39 million in 2014 to $48.43 million in 2015. Shares of Fortress Biotech Inc (NASDAQ:FBIO) grew from $1.48 per share in August 2014 to $4.34 per share in April 2015.
On June 15, 2016, NASDAQ:FBIO shares closed at $2.71 per share.
Those who purchased NASDAQ:FBIO shares 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