An investigation on behalf of current long term investors in Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/05/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Verrica Pharmaceuticals Inc.
Investors who are investors in Verrica Pharmaceuticals Inc. (NASDAQ: VRCA) shares, 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 for investors in NASDAQ: VRCA stocks follows a lawsuit filed against Verrica Pharmaceuticals Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VRCA stocks, concerns whether certain Verrica Pharmaceuticals Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants failed to disclose to investors that there were manufacturing deficiencies at the facility where Verrica Pharmaceuticals' contract manufacturer produced bulk solution for VP-102, that these deficiencies were not remediated when Verrica Pharmaceuticals resubmitted its NDA for VP-102 for molluscum, that the foregoing presented significant risks to Verrica Pharmaceuticals obtaining regulatory approval of VP-102 for molluscum, 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 Verrica Pharmaceuticals Inc. (NASDAQ: VRCA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. 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, investigation, and/or settlements are not filed/reached and/or 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.