Energy News / Shareholders Foundation, Inc.

Purdue Pharma L.P. Shareholder Notice: Investigation over Possible Securities Laws Violations

Via: ReleaseWire

Updated 11:00 AM CDT, Wed, April 17,2019

An investigation for investors in Purdue Pharma L.P. shares over potential securities laws violations by Purdue Pharma L.P. was announced and Purdue Pharma L.P. stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 04/17/2019 -- An investigation was announced concerning potential securities laws violations by Purdue Pharma L.P. in connection with certain financial statements.

Investors who purchased shares of Purdue Pharma L.P., 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 focuses on whether a series of statements by Purdue Pharma L.P. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

The Connecticut-based Purdue Pharma L.P. is a privately held pharmaceutical company owned principally by descendants of Mortimer and Raymond Sackler.

On April 8, 2019 it was reported that the Illinois attorney general's office is suing Purdue Pharma L.P alleging the company used "aggressive and misleading" marketing practices designed to increase prescriptions of opioid painkillers.

Purdue Pharma L.P last month agreed to a $270 million settlement with the state of Oklahoma, the largest settlement following over 1600 lawsuits against Purdue regarding opioids that threaten to bankrupt the company.

Those who purchased shares of Purdue Pharma L.P. 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/purdue-pharma-lp-shareholder-notice-investigation-over-possible-securities-laws-violations-1197842.htm

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