This investigation concerns whether the Board of Directors of Spherix breached their fiduciary duties to stockholders. The Company’s stock has seen substantial recent decline. Its share price has plummeted from $21.70 on August 6, 2013 to $2.07 on May 29, 2014.
If you are a shareholder of Spherix if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.