CLASS ACTION UPDATE: Rockwell Medical, Inc. (NasdaqGM: RMTI) Investigation
About This Case
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”) and Director of Client Relations, Neil Rothstein, Esq. announces that KSF has commenced an investigation into Rockwell Medical, Inc. (NasdaqGM: RMTI).
On May 22, 2018, a situation that began as an announcement by the Company that its President and Chief Executive Officer, Robert Chioini (“Chioini”), had been terminated effective immediately, quickly developed into a quagmire of public confusion as to who was actually running the Company as, over the next two days, the Board and Chioini filed dueling 8-Ks and press releases asserting conflicting versions of what had taken place and the status of the Company’s leadership. Presently, Rockwell shares have been halted from trading, Chioini claims to remain CEO, and the Board has filed suit against him seeking, among other things, a temporary restraining order forbidding him from holding himself out as the CEO of the Company.
KSF’s investigation is focusing on whether Rockwell’s officers and/or directors breached their fiduciary duties to Rockwell’s shareholders or otherwise violated state or federal laws.
What You May Do
If you have information that would assist KSF in its investigation, or have been a long-term holder of Rockwell Medical, Inc. shares and would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call Neil Rothstein, Esq. ([email protected]), (330-860-4092).
Further Information
For information about Kahn Swick & Foti LLC, see https://www.ksfcounsel.com
?KSF is a firm that litigates and has vast trial/courtroom experience. Its attorneys are highly regarded.