Investigation of FlexShopper, Inc.
Purcell & Lefkowitz LLP has initiated an investigation concerning FlexShopper, Inc. (NASDAQ: FPAY) on behalf of shareholders. This inquiry aims to explore the possibility that the company's directors may have breached their fiduciary duties in light of recent decisions made by the corporation.
Understanding Fiduciary Duties
What Are Fiduciary Duties?
Fiduciary duties are legal obligations that require business directors and officers to act in the best interests of the company and its shareholders. These responsibilities include a duty of care, which mandates that they make informed decisions, and a duty of loyalty, which obligates them to put the interests of shareholders above their own.
Consequences of Breach of Duty
If fiduciary duties are found to be breached, it may lead to serious implications for the directors involved, including legal consequences and potential financial penalties for the company. Shareholders may have the right to seek recovery for any damages incurred as a result of such actions.
Shareholders Interested in Their Rights
For individuals who are shareholders of FlexShopper, Inc. and wish to glean further insights about their rights and options, Purcell & Lefkowitz LLP offers resources free of charge. They emphasize the importance of every shareholder being informed about their legal entitlements.
About Purcell & Lefkowitz LLP
This law firm is dedicated to advocating for shareholders nationally, focusing on those who have faced losses due to securities fraud or corporate misconduct. Their objective is to ensure that all investors are treated fairly and have access to their legal rights.
Contact Information
Shareholders seeking to discuss their concerns or the investigation can contact Robert H. Lefkowitz, Esq. directly. Engaging with legal counsel is an important step in safeguarding one’s investment and understanding personal rights in this matter.
Frequently Asked Questions
What prompted the investigation of FlexShopper, Inc.?
The investigation stems from concerns regarding potential breaches of fiduciary duties by the company’s directors in relation to recent corporate actions.
How can shareholders find out more about their rights?
Shareholders can visit the firm’s site to obtain information on their rights and choices, which is provided at no cost.
Who can shareholders contact about the investigation?
Shareholders can reach out to Robert H. Lefkowitz, Esq. for personal discussions regarding their concerns related to the investigation.
What does a breach of fiduciary duty mean for shareholders?
A breach of fiduciary duty may result in adverse consequences for directors, as well as potential compensation claims arising from any damages incurred by shareholders.
Is Purcell & Lefkowitz LLP focused on any specific type of corporate wrongdoing?
Yes, the firm mainly represents shareholders in cases of securities fraud, breaches of fiduciary duty, and other corporate misconduct. Their aim is to advocate for the rights of investors effectively.
