NEW YORK, Feb. 7, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Kitov Pharmaceutical Holdings Ltd. ("Kitov" or the "Company") (NASDAQ: KTOV).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that some of its executives might have been involved in publishing false information.
Specifically, on February 6, 2017, the Israeli publication Calcalist reported that Kitov's chief executive officer, Isaac Israel, had been detained and questioned by the Israeli Securities Authority. Citing court documents, the publication also stated that the Company might have published misleading information regarding findings from an independent committee appointed to check clinical trial results of one of the Company's drugs.
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If you invested in Kitov stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/KTOV. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Kitov's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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