Shareholders Foundation, Inc.

NYSE:NVS Shareholder Notice: Investigation over Potential Wrongdoing at Novartis AG

An investigation on behalf of investors in Novartis AG (NYSE:NVS) shares over potential wrongdoing at Novartis AG was announced and NYSE:NVS stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 09/21/2020 -- Certain directors of Novartis AG are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Novartis AG (NYSE: NVS) and currently hold any of those Novartis AG (NYSE: NVS 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 concerns whether certain Novartis AG directors breached their fiduciary duties and caused damage to the company and its shareholders.

On June 25, 2020, Novartis AG agreed to pay $225 million in criminal fines and disgorge $112 million in settling bribery allegations brought forth by the U.S. Department of Justice and the Securities and Exchange Commission. Novartis AG was under investigation for claims that: (1) the Company had bribed doctors and hospitals in Greece to prescribe "Novartis-branded pharmaceuticals"; (2) the Company had paid bribes in Vietnam to advance their business; and (3) the Company had falsified their financial records to conceal said activities.

Shares of Novartis AG (NYSE: NVS) closed on July 14, 2020, at $87.47 per share.

Those who purchased shares of Novartis AG (NYSE: NVS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio 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. 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, investigation, and/or settlements are not filed/reached and/or 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.