Energy News / Shareholders Foundation, Inc.

NYSE: MNK Long-Term Investor Alert: Investigation of Potential Wrongdoing at Mallinckrodt Plc

Via: ReleaseWire

Updated 2:05 PM CDT, Fri, September 06,2019

An investigation on behalf of current long term investors in Mallinckrodt plc (NYSE: MNK) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: MNK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 09/06/2019 -- Certain directors of Mallinckrodt plc are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Mallinckrodt plc (NYSE: MNK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: MNK stocks follows a lawsuit filed against Mallinckrodt plc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MNK stocks, concerns whether certain Mallinckrodt directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Acthar posed significant safety concerns that rendered it a non-viable treatment for ALS, that accordingly, Mallinckrodt overstated the viability of Acthar as an ALS treatment, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Mallinckrodt plc (NYSE: MNK) 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

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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-mnk-long-term-investor-alert-investigation-potential-wrongdoing-1258934.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com