NEW YORK, Jan. 8, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Retrophin, Inc. ("Retrophin" or the "Company") (NASDAQ: RTRX), concerning whether the board has breached its fiduciary duties to shareholders.
In October 2014 a lawsuit was recently filed against the Company and certain of its executive officers in the U.S. District Court for the Southern District of New York, No. 1:14-cv-07640. The complaint alleges that the Company concealed facts including that its' CEO made illegal stock trades and received grants of shares in violation of the Company's incentive compensation plan.
On January 7, 2015, it was reported that Martin Shkreli ("Shkreli"), the founder and former CEO of Retrophin, is under investigation by federal prosecutors in Brooklyn, New York in connection with possible securities law violations. Shkreli is also faces a probe by the U.S. Securities and Exchange Commission.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Retrophin 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.
Matthew M. Houston, 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