SGYP INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Synergy Pharmaceuticals Inc. Investors

BENSALEM, Pa.--()--Law Offices of Howard G. Smith commences an investigation on behalf of Synergy Pharmaceuticals Inc. (“Synergy” or the “Company”) (NASDAQ: SGYP) investors concerning the Company and its officers’ possible violations of federal securities laws.

On September 5, 2017, Synergy stated that it obtained a “non-dilutive” $300 million loan from CRG Partners III L.P., to be available “when needed” to fund operations through 2019.

However, on November 14, 2017, Synergy disclosed (1) that the loan terms prevented the Company from accessing $200 million of the loan unless Synergy conducted a dilutive secondary offering, and (2) that Synergy was conducting a secondary offering to satisfy the term. As such, the loan was not available to Synergy “when needed,” and would result in dilution. On this news, shares of Synergy fell significantly, thereby injuring investors.

If you purchased Synergy, 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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

SGYP INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Synergy Pharmaceuticals Inc. Investors

$Cashtags

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com