An investigation on behalf of current long term investors in Covia Holdings Corporation (OTC:CVIAQ) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/15/2021 -- Certain directors of Covia Holdings Corporation are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Covia Holdings Corporation (OTC: CVIAQ) 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 investors in OTC: CVIAQ stocks follows a lawsuit filed against Covia Holdings Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: CVIAQ stocks, concerns whether certain Covia Holdings Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Covia's proprietary "value-added" proppants were not necessarily more effective than ordinary sand, that Covia's revenues, which were dependent on its proprietary "value-added" proppants, was based on misrepresentations, that when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Covia Holdings Corporation (OTC: CVIAQ) 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.