Lawsuit on Behalf of Star Scientific, Inc. (STSI) Investors Over Alleged
Misleading Statements Announced by Shareholders Foundation
SAN DIEGO, April 22, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation,
Inc. announces that a lawsuit was filed on behalf of certain purchasers of
Star Scientific, Inc. (STSI) common stock over alleged violations of Federal
Securities Laws by Star Scientific, Inc. in connection with certain allegedly
false and misleading statements made between October 31, 2011 and March 18,
If you purchased a significant amount of common stock of Star Scientific, Inc.
(STSI) between October 31, 2011 and March 18, 2013 and / or if you purchased
STSI shares in 2010 or earlier and currently hold any of those shares, you
have certain options and you should contact the Shareholders Foundation, Inc.
by e-mail at firstname.lastname@example.org or call +1 (858) 779-1554.
The plaintiff alleges that the defendants allegedly made false and/or
misleading statements and/or failed to disclose that Star Scientific, Inc.
engaged in potentially illegal transactions involving certain private
placements and related party transactions since 2006 involving Star
Scientific, Inc. securities.
On January 23, 2013, a report was published that alleged that Star Scientific,
Inc. misled investors about the involvement of Johns Hopkins University in the
clinical testing of the company's retail nutritional supplement anatabine.
On March 18, 2013, Star Scientific, Inc. disclosed to investors that in
January and February 2013 the Company and its directors received subpoenas
from the US Attorney's office concerning an investigation that is focused on
transactions involving Star Scientific's securities including certain private
placements and related party transactions since 2006. The Company also
announced that it was conducting an internal investigation regarding these
Shares of Star Scientific, Inc. (STSI) declined from $2.95 per share in early
January 2013 to as low as $1.28 per share on April 3, which is significantly
below its current 52 week High of $5.05 per share.
The plaintiff seeks to recover damages.
Those who purchased Star Scientific, Inc. (STSI) shares have certain options
and should contact the Shareholders Foundation, Inc. by e-mail at
email@example.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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