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Investigation announced for Long-Term Investors in CytomX Therapeutics, Inc. (NASDAQ: CTMX) shares

09-02-2020 05:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in CytomX Therapeutics, Inc. (NASDAQ: CTMX) shares.

An investigation on behalf of current long term investors in CytomX Therapeutics, Inc. (NASDAQ: CTMX) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of CytomX Therapeutics, Inc.

Investors who are current long term investors in CytomX Therapeutics, Inc. (NASDAQ: CTMX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors inNASDAQ: CTMX stocks follows a lawsuit filed against CytomX Therapeutics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CTMX stocks, concerns whether certain CytomX Therapeutics, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that CytomX had downplayed issues with CX-072’s efficacy observed in the PROCLAIM-CX-072 clinical program, that CytomX had similarly downplayed issues with CX-2009’s efficacy and safety observed in the PROCLAIM-CX-2009 clinical program, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of CytomX Therapeutics, Inc. (NASDAQ: CTMX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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