Investigation Overview
March 9, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Conatus Pharmaceuticals Inc (NASDAQ:CNAT) shares over potential securities laws violations by Conatus Pharmaceuticals and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Conatus Pharmaceuticals Inc (NASDAQ:CNAT) concerning whether a series of statements by Conatus Pharmaceuticals regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 5, 2015, Conatus Pharmaceuticals Inc disclosed that on March 2, 2015, Gary C. Burgess, M.B., Ch.B. M.Med., tendered his resignation as Senior Vice President, Clinical Research and Chief Medical Officer of Conatus Pharmaceuticals Inc., effective April 2, 2015. Shares of Conatus Pharmaceuticals Inc (NASDAQ:CNAT) declined to as low as $5.61 per share on March 6, 2015.