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Vermillion, Inc. (NASDAQ:VRML) Investor Investigation Over Possible Breaches Of Fiduciary Duties

  • If you purchased shares of Vermillion, Inc. (NASDAQ:VRML), 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
Vermillion, Inc.
Security
NASDAQ: VRML

Summary

November 19, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Vermillion, Inc. (NASDAQ:VRML) was announced concerning whether certain Vermillion officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Vermillion officers and directors breached their fiduciary duties in connection with their conduct

In the Proxy Statement filed by Vermillion, Inc. with the Securities and Exchange Commission on November 12, 2013, the Board of Directors recommends that Vermillion's shareholders vote to approve the Company's Amended and Restated 2010 Stock Incentive Plan.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Vermillion, Inc.

Vermillion, Inc. reported that its annual Total Revenue increased from $1.18 million in 2010 to $2.09 million in 2012 and that its respective Net Loss declined from $19.03 million to $7.15 million.

Shares of Vermillion, Inc. (NASDAQ:VRML) closed on November 19, 2013, at $2.32 per share.

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