Energy News / Shareholders Foundation, Inc.

NASDAQ:XOMA Shareholder Notice: Investigation over Potential Wrongdoing at XOMA Corporation

Via: ReleaseWire

Updated 11:45 AM CST, Wed, December 20,2017

An investigation on behalf of investors in XOMA Corporation (NASDAQ:XOMA) shares over potential wrongdoing at XOMA was announced and NASDAQ:XOMA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 12/20/2017 -- An investigation was announced for investors in shares of XOMA Corporation (NASDAQ:XOMA) was announced over potential breaches of fiduciary duties by certain directors at XOMA.

Investors who purchased shares of XOMA Corporation (NASDAQ:XOMA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain XOMA directors breached their fiduciary duties and caused damage to the company and its shareholders.

Emeryville, CA based XOMA Corporation is a development-stage biotechnology company that focuses on the discovery and development of monoclonal antibody-based therapeutic. XOMA Corporation reported that its annual Total Revenue declined from $55.45 million in 2015 to $5.56 million in 2016 and that its Net Loss increased from $20.61 million in 2015 to $53.53 million in 2016.

Shares of XOMA Corporation (NASDAQ:XOMA) closed on December 19, 2017 at $31.69 per share.

Those who purchased shares of XOMA Corporation (NASDAQ:XOMA), 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqxoma-shareholder-notice-investigation-over-potential-wrongdoing-at-xoma-corporation-906344.htm

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