NEW YORK, May 25, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Unilife Corporation ("Unilife" or "the Company") (NasdaqGM: UNIS). Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator, Eitan Kimelman at email@example.com or 212-697-6484.
The investigation concerns whether Unilife and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 8, 2016, Unilife announced it would postpone its earnings conference call, scheduled for the following day, due to "the discovery by the Company's current management team of violations of Company policies and procedures and possible violations of law and regulation by the Company's former Chief Executive Officer and by the former Chairman of the Company's Board of Directors who resigned in 2015." On this news, Unilife stock fell $0.15, or 29.41%, to close at $0.36 on May 9, 2016. On May 23, 2016, post-market, Unilife announced receipt of a letter from NASDAQ, notifying the Company that it is no longer in compliance with NASDAQ listing requirements.
On this news, Unilife stock fell $0.31, or 10.51%, to close at $2.64 on May 24, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of Unilife, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman
212-697-6484 | email@example.com
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