SOURCE: Shareholders Foundation

Shareholders Foundation

July 02, 2012 09:40 ET

ViroPharma Inc. (VPHM) Investor Lawsuit Against ViroPharma Inc. Over Alleged Misleading Statements Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwire - Jul 2, 2012) - The Shareholders Foundation, Inc. announces that a lawsuit was filed by an investor in ViroPharma Inc. (VPHM) shares over alleged securities laws violations by ViroPharma Inc.

Investors who purchased shares of ViroPharma Inc. (VPHM) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The lawsuit was filed on behalf of all persons or entities that purchased the securities of ViroPharma Incorporated (VPHM) between December 14, 2011 and April 9, 2012. The plaintiff alleges that ViroPharma Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934.

Specifically, the plaintiff claims that defendants allegedly misrepresented and omitted material facts concerning the market exclusivity it falsely assumed to possess for Vancocin.

The plaintiff says that on December 14, 2011, ViroPharma Inc. issued a press release which announced the "modernization of labeling" for Vancocin made effective through the FDA approval of a supplemental new drug application ("sNDA").

However, on April 10, 2012, ViroPharma Inc. (VPHM) announced the U.S. Food and Drug Administration ("FDA") denied the citizen petition filed by ViroPharma on March 17, 2006 related to the FDA's proposed in vitro method for determining bioequivalence of abbreviated new drug applications (ANDAs) referencing Vancocin® (vancomycin hydrochloride, USP) Capsules.

Shares of ViroPharma Inc. (VPHM) fell from $31 per share on April 3, 2012 to as low as $19.24 per share on May 18, 2012.

Those who are current investors in ViroPharma Inc. shares, have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

  • CONTACT:
    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    mail@shareholdersfoundation.com
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108