NEW YORK, March 30, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Trovagene, Inc. ("Trovagene" or the "Company") (NASDAQ: TROV). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Trovagene and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 29, 2016, Trovagene announced that the Company's Board of Directors had terminated the employment of CEO Antonius Schuh and CFO Stephen Zaniboni for cause and filed a complaint against both alleging, among other things, breach of fiduciary duty. Specifically, the complaint alleges that Schuh and Zaniboni failed to present a lucrative corporate opportunity to Trovagene and instead took that opportunity for their own personal benefit.
On this news, Trovagene stock fell $0.10, or 1.96%, to close at $5.01 on March 29, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Beverly Hills, and Florida, 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.
Robert S. Willoughby
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SOURCE Pomerantz LLP