NEW YORK, March 14, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against CytRx Corporation ("CytRx" or the "Company") (NASDAQ: CYTR) concerning whether it has violated the federal securities laws.
On March 13, 2014, a media report stated that the Company had hired an entity to promote CytRx stock that published a number of articles on the internet without disclosing that the Company had paid for the positive reporting. At the same time, CytRx insiders were selling $86 million of new equity to investors.
If you own CytRx's shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP