An investigation was announced on behalf of current investors in NYSE:XON shares over potential breaches of fiduciary duties by certain Intrexon directors.
Investors who purchased shares of Intrexon Corp (NYSE:XON) and currently hold any of those NYSE:XON 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 concerns whether certain Intrexon directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 21, 2016, a report was published on Intrexon Corp asserting, among other things, that Intrexon’s technology has recently been questioned by high-ranking officials from the WHO, CDC and NIH, that Intrexon overstated revenues by 50% through transactions with related parties, thatIntrexon’s technology platform is an overhyped, undifferentiated collection of commodity and failed products, and that Intrexon is the Theranos of the public markets.
Those who purchased NYSE:XON shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com