An investigation on behalf of investors in PetIQ, Inc. (NASDAQ: PETQ) shares over potential wrongdoing at PetIQ, Inc. was announced and NASDAQ: PETQ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/07/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at PetIQ, Inc.
Investors who purchased shares of PetIQ, Inc. (NASDAQ: PETQ) and currently hold any of those NASDAQ: PETQ 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 concerns whether certain PetIQ, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Eagle, ID based PetIQ, Inc. operates as a pet health and wellness company. PetIQ, Inc. reported that its annual Total Revenue rose from $266.68 million in 2017 to $528.61 million in 2018 and that its Net Loss declined from $3.49 million in 2017 to $0.78 million in 2018.
On April 30, 2019, a report was issued regarding PetIQ, entitled "A Flea And Tick Infested Investment", asserting that the Company's stock was significantly overvalued due to "the company's dubious past and questionable management team", among other issues. Specifically, the report alleged that PetIQ's "apparent predecessor . . . was accused of stealing hundreds of thousands of dollars' worth of pet medication from vets before allegedly reincorporating as a registered subsidiary of 'True Science Holdings,' later renamed PetIQ", and that "True Science appears to have formed non-arms-length relationships with veterinary drug wholesalers through the first half of the 2010s, and was later accused of using these relationships to manufacture inflated assets and earnings."
Shares of PetIQ, Inc. (NASDAQ: PETQ) declined from $32.47 per share on April 8, 2019 to $23.06 per share on May 2, 2019.
Those who purchased shares of PetIQ, Inc. (NASDAQ: PETQ) have certain options and should contact the Shareholders Foundation.
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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 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.
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