Energy News / Shareholders Foundation, Inc.

NASDAQ:RMTI Shareholder Notice: Deadline in Lawsuit Against Rockwell Medical, Inc. Upcoming on September 25th

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, September 18,2018

A Deadline is coming up on September 25, 2018 in the lawsuit for investors in Rockwell Medical, Inc. and NASDAQ: RMTI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 09/18/2018 -- The Shareholders Foundation announces that a deadline is coming up on September 25, 2018 in the lawsuit filed for investors of Rockwell Medical, Inc. (NASDAQ: RMTI) over alleged securities laws violations by Rockwell Medical, Inc .

Investors who purchased shares of Rockwell Medical, Inc. (NASDAQ: RMTI) have certain options and there are strict and short deadlines running. Deadline: September 25, 2018. NASDAQ: RMTI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Rockwell Medical, Inc. (NASDAQ: RMTI) common shares between March 16, 2018 and June 26, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between March 16, 2018 and June 26, 2018, the Defendants' made false and/or misleading statements and/or failed to disclose that: Rockwell was aware that the Centers for Medicare and Medicaid Services will not pursue Rockwell's proposal for separate reimbursement for Triferic, that the estimated reserves in Rockwell's Form 10-Q for the quarter ended March 31, 2018 are misstated, that there was a material weakness in Rockwell's internal control over financial reporting, that consequently, Rockwell's internal control over financial reporting was ineffective between March 16, 2018 and June 26, 2018, that Robert L. Chioini, former Chief Executive Officer of Rockwell, withheld material information regarding Triferic from Rockwell's auditor, corporate counsel and five independent directors of Rockwell's Board, and that as a result, Defendants' statements about Rockwell's business, operations and prospects were materially false and misleading and/or lacked reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Rockwell Medical, Inc. (NASDAQ: RMTI) 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

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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqrmti-shareholder-notice-deadline-in-lawsuit-against-rockwell-medical-inc-upcoming-on-september-25th-1049310.htm

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