An investigation on behalf of current long term investors in Tetraphase Pharmaceuticals Inc (NASDAQ: TTPH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/05/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Tetraphase Pharmaceuticals Inc.
Investors who are current long term investors in Tetraphase Pharmaceuticals Inc (NASDAQ: TTPH) 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 for investors in NASDAQ: TTPH stocks follows a lawsuit filed against Tetraphase Pharmaceuticals Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TTPH stocks, concerns whether certain Tetraphase Pharmaceuticals Inc directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants failed to disclose, that Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) was increasing the patient enrollment in its IGNITE3 trial from 1,000 patients to 1,200 patients to meet the trial's primary endpoints (within the 10% non-inferiority margin), that the enrollment of more patients in the trial indicated that the existing population was inadequate to meet the trial's primary endpoints, and that, as a result of the foregoing, Defendants' statements about Tetraphase's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) have certain options and should contact the Shareholders Foundation.
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