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WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Apollo Endosurgery, Inc. in connection with the Company’s July 20, 2020<\/span> financing transactions requiring the issuance of APEN common stock. The financing transactions yielded approximately $25.0 million<\/span> in aggregate gross proceeds. Among other things, the financing transactions permitted certain purchasers, including CPMG, Inc., an entity controlled by APEN board member R. Kent McGaughy, Jr.<\/span>, to obtain common stock at a purchase price of $1.25<\/span> per share, which represents an 11% discount to APEN’s August 31, 2020<\/span> closing price of $1.41<\/span>. <\/p>\n Or please contact: WeissLaw is investigating whether APEN’s board is truly independent and was acting in the best interest of APEN’s common stockholders by agreeing to the financing transactions and common stock issuance. Of particular concern is the ability of CPMG, Inc. to obtain Company common stock at a significant discount, as well as the lack of full disclosure regarding the financing transactions and common stock issuance included in APEN’s August 26, 2020<\/span> definitive proxy statement. <\/p>\n WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com<\/strong><\/p>\n Tags:<\/b> Joshua Rubin, Esq.
<\/strong>Joshua Rubin, Esq.<\/span>
<\/strong>WeissLaw LLP
1500 Broadway, 16th<\/sup> Floor
New York<\/span>, NY 10036
(212) 682-3025
<\/strong>(888) 593-4771
stockinfo@weisslawllp.com<\/strong><\/p>\nSee Campaign: <\/strong>http:\/\/weisslawllp.com<\/a>
Contact Information:<\/b>
Joshua Rubin, Esq.
\nWeissLaw LLP
\n1500 Broadway, 16thFloor
\nNew York, NY 10036
\n(212)682-3025
\n(888) 593-4771
\nstockinfo@weisslawllp.com<\/p>\n
<\/a>, Wire<\/a>, Legal Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nWeissLaw LLP
\n1500 Broadway, 16th\u00a0Floor
\nNew York, NY\u00a0 10036
\n(212)\u00a0682-3025
\n(888) 593-4771
\nstockinfo@weisslawllp.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Apollo Endosurgery, Inc. in connection with the Company’s July 20, 2020 financing transactions requiring the issuance of APEN common stock. The financing transactions yielded approximately $25.0 million in aggregate gross proceeds. Among other things, the financing transactions permitted certain purchasers, including … Continue reading SHAREHOLDER ALERT: WeissLaw LLP Investigates Apollo Endosurgery, Inc.<\/span><\/a> Continue Reading