New Senior Investment Group Inc. (NYSE: SNR), ChemoCentryx Inc. (NASDAQ: CCXI), RLX Technology Inc. (NASDAQ: RLX), and J. Alexander Holdings Inc. (NYSE: JAX) are under probe on behalf of shareholders for possible securities laws and fiduciary duty violation by various laws firms.
J. Alexander Holdings violated a fiduciary duty
The Law Office of Brodsky & Smith is announcing J. Alexander Holdings’ Board of Directors over a potential breach of fiduciary duty and violation of laws regarding the agreement for the acquisition by SPB Hospitality LLC. According to the agreement terms, J. Alexander stockholders will receive $14 in cash per share they own. The probe ascertains whether the board breached fiduciary duties to shareholders and if SPB is paying little for the company.
Jakubowitz investigating ChemoCentryx and RLX Technologies
Jakubowitz Law is investigating ChemoCentryx regarding materially misleading or false statements regarding the Phase III ADVOCATE study trial design, which presented issues regarding interoperability of the study data to define a clinical benefit of ovacopan in the management of ANCA-associated vasculitis. Phase III ADVOCATE had severe concerns for avacopan. In addition, the issues presented concerns regarding the company’s NDA for avacopan.
RLX Technologies is being investigated regarding materially misleading and false statements after it failed to disclose its exposure to the ongoing campaign in China to establish a standard for e-cigarettes bringing them in line with conventional cigarettes regulations.
Halper Sadeh LLP is investigating New Senior Investment Group’s possible violation of securities laws, and breach of fiduciary duty regarding its sale to Ventas Inc. New Senior Investment Group shareholders will receive 0.1561 shares of Ventas’ issued stock per common share they hold following the sale.