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IGI Laboratories, Inc. (NYSEMKT:IG) Investor Investigation Concerning Potential Securities Laws Violations Announced

  • If you purchased shares of IGI Laboratories, Inc. (NYSEMKT:IG), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
IGI Laboratories, Inc.
Security
NYSEMKT: IG

Summary

May 8, 2015 (Shareholders Foundation) - An investigation on behalf of investors of IGI Laboratories, Inc. (NYSEMKT:IG) shares over potential securities laws violations by IGI Laboratories 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 IGI Laboratories, Inc. (NYSEMKT:IG) concerning whether a series of statements by IGI Laboratories, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

IGI Laboratories, Inc. reported that its annual Total Revenue rose from $8.56 million in 2012 to $33.74 million in 2014 and that its Net Loss of $3.93 million in 2012 turned into a Net Income of $5.25 million in 2014. Shares of IGI Laboratories, Inc. (NYSEMKT:IG) grew from $1.04 per share in early 2013 to as high as $11.52 per share in February 2015.

Then on April 28, 2015, IGI Laboratories, Inc. announced its first quarter 2015 results. Shares of IGI Laboratories, Inc. (NYSEMKT:IG) declined to as low as $4.75 per share on May 1, 2015.

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