BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it has commenced an investigation on behalf of Rockwell Medical, Inc. (“Rockwell” or the “Company) (NASDAQ: RMTI) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 22,2018, Rockwell announced that the Company’s President and Chief Executive Officer, Robert Chioini, had been terminated from his positions, effective immediately. However, on May 23, 2018, the Company published a letter to shareholders on behalf of Mr. Chioini explaining that Mr. Chioini had called an emergency Board meeting for the purpose of discussing alleged breaches of fiduciary duties and other possible violations of securities laws by various directors the Company, and that those directors whose conduct was the subject of the alleged breaches of fiduciary duties voted to fire the Mr. Chioini.
On this news, Rockwell’s share price fell, thereby injuring investors. As of, May 23, 2018, trading in the Company’s shares has been halted.
If you purchased Rockwell securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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