Energy News / Shareholders Foundation, Inc.

NYSE:NVRO Long Term Shareholder Notice: Investigation of Potential Wrongdoing by Nevro Corp

Via: ReleaseWire

Updated 12:15 PM CDT, Mon, October 08,2018

An investigation on behalf of current long term investors in Nevro Corp. (NYSE: NVRO) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 10/08/2018 -- Certain directors of Nevro Corp. are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Nevro Corp. (NYSE: NVRO) 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: NVRO stocks follows a lawsuit filed recently against Nevro Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: NVRO stocks, concerns whether certain Nevro officers and directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants allegedly made false and/or misleading statements and/or failed to disclose that that Nevro had engaged in a fraudulent scheme by using protected confidential and proprietary trade secrets and stolen documents from its competitors to develop and enhance the Company's Senza systems, that as a result, the Company's Senza systems were not "novel" or "proprietary;", that these practices caused the Company to be vulnerable to increased litigation expenses and adverse legal and regulatory action, that, as a result, Nevro's U.S. sales growth was not sustainable, and that, as a result of the foregoing, Defendants' statements about Nevro's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Those who purchased shares of Nevro Corp. (NYSE: NVRO) 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/nysenvro-long-term-shareholder-notice-investigation-of-potential-wrongdoing-by-nevro-corp-1059895.htm

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