A lawsuit was filed by an investor in Organovo Holdings, Inc. (NASDAQ: ONVO) shares and NASDAQ: ONVO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/28/2019 -- An investor in NASDAQ: ONVO shares filed a lawsuit against members of the board of directors of Organovo Holdings, Inc over alleged breaches of fiduciary duties.
Investors who purchased shares of Organovo Holdings, Inc. (NASDAQ: ONVO), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that disclosures made by Organovo and its Board of Directors in the Company's proxy statement related to its 2019 annual meeting of stockholders are false and misleading.
San Diego, CA based Organovo Holdings, Inc., a biotechnology company, develops bioprinted human tissues based on its 3D human tissue platform technology that emulate human biology and diseases. Organovo Holdings, Inc. reported that its Total Revenue declined from $4.6 million for the 12 months period that ended on March 31, 2018 declined to $3.09 million for the 12 months period that ended on March 31, 2019, and that its Net Loss over those time periods increased from $34.8 million to $26.63 million.
Shares of Organovo Holdings, Inc. (NASDAQ: ONVO) declined from $4.99 per share in August 2016 to as low as $.024 per share on September 5, 2019.
Those who purchased shares of Organovo Holdings, Inc. (NASDAQ: ONVO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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92108 San Diego
About Shareholders Foundation, Inc.
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 conftact 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.
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