NEW YORK, June 21, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ChromaDex Corporation ("ChromaDex" or the Company) (NASDAQ: CDXC). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether ChromaDex and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 20, 2016, Bleecker Street Research published a report on ChromaDex asserting, among other things, that ChromaDex shareholder Barry Honig had used a network of puppet directors and officers to secretly control the Company. Bleecker Street Research also alleged that ChromaDex's profitability for the first quarter of 2016 is "likely fake" and "appears to be engineered."
On this news, ChromaDex's share price fell by $2.14, or nearly 43%, to close at $2.84 on June 20, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
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SOURCE Pomerantz LLP