An investigation on behalf of current long term investors in India Globalization Capital, Inc. (OTC: IGCC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/18/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of India Globalization Capital, Inc..
Investors who are current long term investors in India Globalization Capital, Inc. (OTC: IGCC) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in OTC: IGCC stocks follows a lawsuit filed against India Globalization Capital over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: IGCC stocks, concerns whether certain India Globalization Capital, directors are liable in connection with the allegations made in that lawsuit.
The plaintiff claims that between October 25, 2017 and October 29, 2018, the defendants made false and/or misleading statements and/or failed to disclose that India Globalization's business model was in a state of change in order to lure potential blockchain and cannabis investors, that India Globalization had overstated the benefits of its relationships with manufacturers, partners, and distributors in order to inflate its potential commercial success in the blockchain and cannabis markets, that as a result, the New York Stock Exchange delisted India Globalization's shares from its exchange, and that consequently, defendants' statements about India Globalization's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of India Globalization Capital, Inc. (OTC: IGCC) have certain options and should contact the Shareholders Foundation.
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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.
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