SAN DIEGO, CA / ACCESSWIRE / March 19, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of PolarityTE, Inc. (COOL).
On June 27, 2018 a lawsuit was filed against PolarityTE, Inc. over alleged securities laws violations. The plaintiff alleged 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.
On March 18, 2019, PolarityTE, Inc disclosed that on March 4, 2019, it obtained from the SEC a copy of the formal order of investigation of the Company and its affiliates with respect to possible violations of the federal securities laws, including, among other things, the anti-fraud provisions of the Securities Act and the Exchange Act with respect to the Company's public disclosures, the beneficial ownership reporting provisions of the Exchange Act and the anti-price manipulation provisions of the Exchange Act.
Those who purchased PolarityTE, Inc. (COOL) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: The Shareholders Foundation, Inc.
View source version on accesswire.com: