An investigation on behalf of current long term investors in Aqua Metals Inc (NASDAQ: AQMS) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: AQMS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/24/2018 -- An investigation on behalf of current long-term investors in shares of Aqua Metals Inc (NASDAQ: AQMS) concerning potential breaches of fiduciary duties by certain directors and officers of Aqua Metals Inc was announced.
Investors who are current long term investors in Aqua Metals Inc (NASDAQ: AQMS) shares, 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 for current long term investors in Aqua Metals Inc (NASDAQ: AQMS stocks follows a lawsuit filed against Aqua Metals Inc over alleged securities laws violations. The investigation on behalf of current long term investors in (NASDAQ: AQMS stocks, concerns whether certain Aqua Metals 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 Northern District of California the plaintiff alleges that between February 9, 2017 and November 9, 2017, the Defendants failed to disclose that Aqua Metals' breaking and separating process was facing substantial obstacles due to AquaRefining's need for a much higher degree of separation than is normal in the industry, that the Company's breaking and separating process was not operating reliably or efficiently, that the breaking and separating obstacles and issues were negatively impacting the Company's output, that the Company's four "operating modules" were being used primarily for experimentation, rather than production, that module operators were assisting with lead removal, that, as a result of the foregoing, the ramp up of the Company's recycling process was being significantly hindered and delayed, and that, as a result of the foregoing, Defendants' statements about Aqua Metals' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of Aqua Metals Inc (NASDAQ:AQMS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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