Energy News / Shareholders Foundation, Inc.

NYSE: RMED Long Term Investor Notice: Investigation of Potential Wrongdoing at Ra Medical Systems, Inc.

Via: ReleaseWire

Updated 12:15 PM CST, Mon, November 04,2019

An investigation on behalf of current long term investors in Ra Medical Systems, Inc. (NYSE: RMED) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 11/04/2019 -- Certain directors of Ra Medical Systems, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Ra Medical Systems, Inc. (NYSE: RMED) 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: RMED stocks follows a lawsuit filed against Ra Medical Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: RMED stocks, concerns whether certain Ra Medical Systems, directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants failed to disclose to investors that the Company's evaluation of sales personnel candidates was inadequate, that the Company's training program for sales personnel was inadequate, that, as a result, the Company could not reasonably assure that its newly hired sales personnel were adequately experienced, that, as a result, the Company would suffer a shortage of qualified sales personnel, that the Company's manufacturing process could not reasonably support increased catheter production, that, as a result, the Company would suffer production delays, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Ra Medical Systems, Inc. (NYSE: RMED) 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-rmed-long-term-investor-notice-investigation-of-potential-wrongdoing-at-ra-medical-systems-inc-1263992.htm

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