A lawsuit was filed on behalf of investors in PolarityTE, Inc. (NASDAQ: COOL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/17/2018 -- An investor, who purchased shares of PolarityTE, Inc. (NASDAQ: COOL), filed a lawsuit for the District Court of Utah over alleged Securities Laws violations by PolarityTE, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of PolarityTE, Inc. (NASDAQ: COOL) have certain options and for certain investors are short and strict deadlines running. Deadline: August 27, 2018. NASDAQ: COOL investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between March 31, 2017 and June 25, 2018, 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 June 25, 2018, a report was published entitled "Citron Exposes History of FRAUD Behind PolarityTE.... That is right...we said it –FRAUD," wherein a series of alarming red flags suggesting that the SEC should halt this stock immediately were detaild. Specifically, the reports represents that PolarityTE, Inc. raised money based on a patent application that was rejected days before the offering and Citron called on the Securities and Exchange Commission to investigate.
Those who purchased shares of PolarityTE, Inc. (NASDAQ: COOL) 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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