Harwood Feffer LLP Announces Investigation of Rockwell Medical, Inc.

Mar 08, 2016, 16:53 ET from Harwood Feffer LLP

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NEW YORK, March 8, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Rockwell Medical, Inc. ("Rockwell" or the "Company") (NASDAQ: RMTI), concerning whether the board has breached its fiduciary duties to shareholders.

In January 2015, Rockwell announced that the FDA approved the Company's drug, Triferic, for sale. Thereafter the Company stated it anticipated broad clinical adoption of Triferic. 

On February 29, 2016, on an investor conference call a Company representative admitted to investors that sales of Triferic were "immaterial" for 2015. On that news, Rockwell stock fell over 30%.

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 Rockwell 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. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

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. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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