SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) Long Term Investor Investigation Over Potential Breaches Of Fiduciary Duties

If you are a current long-term investor in shares of SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
SciClone Pharmaceuticals
Affected Securities: 
NASDAQ: SCLN

Jan. 28, 2014 (Update) -- On January 24, 2014, SciClone Pharmaceuticals, Inc. announced that the Audit Committee of the Company's Board of Directors has appointed PricewaterhouseCoopers Zhong Tian LLP to replace PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm, effective January 24, 2014.

Shares of SciClone Pharmaceuticals, Inc. declined from $5.28 per share on January 21, 2014, to $4.49 per share on January 27, 2014.

Mar. 1, 2013 (Shareholders Foundation) -- An investigation on behalf of current long-term investors of SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) shares over potential breaches of fiduciary duties by certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm concerns whether certain SciClone Pharmaceuticals, Inc. officers and directors breached their fiduciary duties and caused damage to the company. and its shareholders by potentially failing to implement adequate internal controls and possibly misstating the company's financial results.

SciClone Pharmaceuticals, Inc. reported that its annual Total Revenue rose from $72.41 million in 2009 to $133.64 million in 2011 and that its respective Net Income increased from $11.95 million to $28.46 million.

Shares of SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) grew from $0.83 per share in Jan. 2009 to as high as $7.14 per share in July 2012.

On February 22, 2013, SciClone Pharmaceuticals, Inc. announced that it will be restating its financial statements for each of the first, second and third quarters of 2012 and financial statements for each of the second and third quarters of 2011 and for the year ended December 31, 2011.

Shares of SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) declined from $4.86 per share on Friday, Feb. 22, 2013, to $4.36 per share on Monday, Feb. 25, 2013.