Investigation announced for Long-Term Investors in BELLUS Health Inc. (NASDAQ: BLU)

An investigation on behalf of current long term investors in BELLUS Health Inc. (NASDAQ: BLU) shares.

An investigation on behalf of current long-term investors in shares of BELLUS Health Inc. (NASDAQ: BLU) concerning potential breaches of fiduciary duties by certain directors and officers of BELLUS Health Inc. was announced.

Investors who are current long term investors in BELLUS Health Inc. (NASDAQ: BLU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm for current long term investors in NASDAQ: BLU stocks follows a lawsuit filed against BELLUS Health Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: BLU stocks, concerns whether certain BELLUS Health directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose information that resulted in a scheme that deceived the investing public regarding BELLUS Health Inc. ‘s business, operations, drug products, drug product development, competition, and present and future business prospects, that facilitated the Company’s September 2019 public offering (“Offering”), that created artificial demand for the BELLUS Health Inc. common shares sold in the Offering, that enabled the Company to receive approximately $70 million in net proceeds from the sale of BELLUS Health Inc. common stock in the Offering, and that caused purchases of BELLUS Health Inc. publicly traded common stock at artificially inflated prices.

Those who purchased shares of BELLUS Health Inc. (NASDAQ: BLU) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.