WILMINGTON, Del., June 16, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating the Board of Directors of Retrophin, Inc. ("Retrophin" or the "Company") for possible violations of securities laws relating to the quarterly 10-Q Report (the "10-Q Report") the Company filed on May 15, 2014 for the first quarter of 2014.
The 10-Q Report filed by Retrophin with the U.S. Securities and Exchange Commission on May 15, 2014 discloses, among other things, that as of May 15, 2014 an additional 1,220,000 shares of Retrophin common stock have been issued in the past two months with no supporting reasoning or rationale. There appears to be no explanation for this additional stock issuance. Consequently, the issuance of these additional shares has had a significant and severe dilutive effect on the shares of Retrophin common stock. Since May 15, 2014, Retrophin's share price has declined 11.9% based on the Company's June 13, 2014 closing price.
If you own shares of Retrophin and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/retrophin or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.