SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rockwell Medical, Inc. - RMTI

NEW YORK, May 25, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Rockwell Medical, Inc. ("Rockwell" or the "Company") (NASDAQ: RMTI).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Rockwell and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On May 22, 2018, Rockwell announced the termination of its President and Chief Executive Officer ("CEO"), Robert Chioini, effective immediately.  Subsequently, on May 23, 2018, a letter to shareholders was published on behalf of Mr. Chioni, explaining that Mr. Chioini had called an emergency Board meeting on May 22, 2018 for the purpose of discussing a shareholder demand letter which alleged breaches of fiduciary duties and other possible violations of securities and other laws by various Rockwell directors, and that those directors whose conduct was the subject of the alleged breaches of fiduciary duties asserted that they voted to fire Mr. Chioini.  The letter further stated that Mr. Chioini "continues to serve as the CEO consistent with the terms of his employment agreement."  Trading in Rockwell's shares was halted on May 23, 2018.  Rockwell's shares resumed trading on May 25, 2018 and fell sharply during intraday trading.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980

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SOURCE Pomerantz LLP