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XOMA Corporation (NASDAQ:XOMA) Investor Investigation Over Potential Wrongdoing Announced

  • If you purchased shares of XOMA Corporation (NASDAQ:XOMA), 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
XOMA Corp
Security
NASDAQ: XOMA

Summary

An investigation on behalf of investors in shares of XOMA Corporation (NASDAQ:XOMA) was announced over potential breaches of fiduciary duties by certain officers and directors at XOMA.

The investigation by a law firm concerns whether certain XOMA directors breached their fiduciary duties and caused damage to the company and its shareholders.

Emeryville, CA based XOMA Corporation is a development-stage biotechnology company that focuses on the discovery and development of monoclonal antibody-based therapeutic. XOMA Corporation reported that its annual Total Revenue declined from $55.45 million in 2015 to $5.56 million in 2016 and that its Net Loss increased from $20.61 million in 2015 to $53.53 million in 2016.

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