Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $4.4 Million Settlement in the Unilife Corp (NASDAQ: UNIS) Investor Lawsuit

Via: ReleaseWire

Updated 11:15 AM CST, Wed, January 31,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Unilife Corp (NASDAQ: UNIS) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on February 20, 2018 and NASDAQ: UNIS investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 01/31/2018 -- A deadline is coming up on February 20, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Unilife Corp (NASDAQ: UNIS) between November 9, 2011 and November 14, 2016.

Investors who purchased a significant amount of shares of Unilife Corp (NASDAQ: UNIS) between November 9, 2011 and November 14, 2016, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Unilife Corp (NASDAQ: UNIS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/unilife-corp-nasdaq-unis-investor-securities-class-action-lawsuit-05262016

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is February 20, 2018. The class action administrator for this case is JND Legal Administration.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Unilife Corp in connection with certain allegedly false and misleading statements made between February 3, 2014 and May 23, 2016. According to the complaint the plaintiff alleges on behalf of purchasers of Unilife Corp (NASDAQ: UNIS) common shares between February 3, 2014 and May 23, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 3, 2014 and May 23, 2016 defendants made false and/or misleading statements and/or failed to disclose that the Company's former CEO and former Chairman of the Board of Directors had violated the Company's policies and procedures and had engaged in violations of law and regulation, that the Company lacked adequate internal controls over accounting and financial reporting, that, as a result, the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2016 by the prescribed filing deadline, and that, as a result of the foregoing, the Company's financial statements, as well as defendants' statements about Unilife Corp's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Unilife Corp (NASDAQ: UNIS) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-44-million-settlement-in-the-unilife-corp-nasdaq-unis-investor-lawsuit-924640.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com