Shareholders Foundation, Inc.

Verus International, Inc. (OTC:VRUS) Long Term Investor Notice: Investigation of Potential Wrongdoing

An investigation on behalf of current long term investors in Verus International, Inc. (OTC:VRUS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

 

San Diego, CA -- (SBWIRE) -- 08/23/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Verus International, Inc.

Investors who are current long term investors in Verus International, Inc. (OTC: VRUS) 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: VRUS stocks follows a lawsuit filed against Verus International, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: VRUS stocks, concerns whether certain Verus International, Inc. 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 Verus lacked the requisite resources, infrastructure and/or expertise to exploit its Big League Foods brand and its Major League Baseball (MLB) license, that the Company issues in production ramp-up were not fully resolved to enable the Company to fulfill customer orders, that as a result, the Company's prospects and outlook were not as represented, that the Company's internal controls for financial reporting and accounting were not sufficient with specific respect to stock-based compensation and classification of equity instruments, that as a result, the Company's financial results, outlook and prospects were materially worse than represented, and that as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Verus International, Inc. (OTC: VRUS) 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.