Fusion Pharm Inc (OTCMKTS:FSPM) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
Fusion Pharm
Affected Securities: 
OTCMKTS: FSPM

October 7, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Fusion Pharm Inc (OTCMKTS:FSPM) shares over potential securities laws violations by Fusion Pharm Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fusion Pharm Inc (OTCMKTS:FSPM) concerning whether a series of statements by Fusion Pharm Inc (OTCMKTS:FSPM regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 16, 2016, the Securities and Exchange Commission (“SEC”) announced fraud charges against Fusion Pharm Inc and its CEO, Scott M. Dittman, among others, for allegedly misleading investors by recording and trumpeting revenues for purported sales of PharmPods by round-tripping money from illegal stock sales by hidden affiliates.

Shares of Fusion Pharm Inc (OTCMKTS:FSPM) closed on October 7, 2016, at $0.0002 per share.