NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at PixarBio Corporation ("PixarBio" or the "Company") (OTCQX:PXRB).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company might have engaged in potentially manipulative actions to alter its stock price in the securities market.
Specifically, on January 23, 2017, the Securities and Exchange Commission announced the temporary suspension of trading in the securities of PixarBio "because the market for the security appears to reflect manipulative or deceptive activities and because of questions regarding the accuracy of assertions by PixarBio in press releases and its Form S-1 concerning, among other things: (1) the company's business combinations and current shareholders; (2) the identity and qualifications of key shareholders and employees; and (3) the company's current and prospective development efforts."
Request more information now by clicking here: www.faruqilaw.com/PXRB. There is no cost or obligation to you.
If you invested in PixarBio stock or options between and would like to discuss your legal rights, visit www.faruqilaw.com/PXRB. 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 PixarBio'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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