Investigation Overview
According to a press release a law firm is currently investigating on behalf of PharmaNet Development Group, Inc (NASDAQ: PDGI) shareholders, who purchased PharmaNet Development Group, Inc common stock (NASDAQ: PDGI) between November 1, 2007 and April 30, 2008, possible violations of the federal securities laws by PharmaNet Development Group, Inc (NASDAQ: PDGI).
According to the press release the investigation focuses on allegations that the PharmaNet Development Group, Inc (NASDAQ: PDGI) knew but failed to disclose that many of its contracts with bio-technology and pharmaceutical companies were likely to be cancelled, and therefore the PharmaNet Development Group, Inc (NASDAQ: PDGI) lacked any reasonable basis for its positive statements about its future.