Investigation Overview
April 7, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of HedgePath Pharmaceuticals Inc (OTCMKTS:HPPI) was announced over potential breaches of fiduciary duties by certain officers and directors at HedgePath Pharmaceuticals Inc.
The investigation by a law firm concerns whether certain HedgePath Pharmaceuticals directors breached their fiduciary duties and caused damage to the company and its shareholders.
Tampa, FL based HedgePath Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical that is focused on discovering, developing and commercializing therapeutics for patients with certain cancers.
Shares of HedgePath Pharmaceuticals Inc (OTCMKTS:HPPI) declined from $0.47 per share in August 2016 to as low as $0.24 per share on March 22, 2017.