Energy News / Shareholders Foundation, Inc.

NYSE:XXII Long Term Shareholder Notice: Investigation of Potential Wrongdoing at 22nd Century Group, Inc.

Via: ReleaseWire

Updated 11:15 AM CDT, Wed, April 24,2019

An investigation on behalf of current long term investors in 22nd Century Group, Inc. (NYSE: XXII) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 04/24/2019 -- Certain directors of 22nd Century Group, Inc. are under investigation on concerning potential breaches of fiduciary duties.

Investors who are current long term investors in 22nd Century Group, Inc. (NYSE: XXII) 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: XXII stocks follows a lawsuit filed against 22nd Century Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: XXII stocks, concerns whether certain 22nd Century Group, directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that 22nd Century's stock was prone to manipulation through paid stock promotions, that such conduct would subject 22nd Century to heightened regulatory scrutiny by the Securities and Exchange Commission (the "SEC"), and that consequently, 22nd Century's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of 22nd Century Group, Inc. (NYSE: XXII) 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/nysexxii-long-term-shareholder-notice-investigation-of-potential-wrongdoing-at-22nd-century-group-inc-1202900.htm

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