Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of NanoViricides, Inc.
February 12 2014 - 5:32PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of
NanoViricides, Inc. (“NanoViricides” or the “Company”) (NYSE
MKT:NNVC) concerning possible violations of federal securities
laws. The investigation is focused on the Company’s business,
operations and financial performance.
NanoViricides is a nano-biopharmaceutical company, engaged in
the discovery, development and commercialization of therapeutics
for the treatment of viral infections. The investigation is related
to a report published February 11, 2014, on Seekingalpha.com
alleging that NanoViricides is a “House of Cards with -80%
downside,” and “a vehicle designed specifically to enrich
insiders.” The Seekingalpha.com report claims that a shareholder
derivative complaint, Yidam, Ltd. v. Anil Diwan, et al., Case No.
1:13-cv-01777-RM-BNB, filed July 5, 2013, in the United States
District Court for the District of Colorado, is a “must-read
document,” which outlines numerous examples of certain
NanoViricides managers “abusing shareholders and looting the
company.”
If you purchased NanoViricides shares, if you have information
or would like to learn more about these claims, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847(888)
638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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