Morris Kandinov investigates shareholder actions in VRCA and SHLS

On September 11, 2024, Morris Kandinov, a national law firm based in San Diego, announced an investigation into the actions of the officers and board of directors of several companies, including Shoals Technologies Group, Inc. and Verrica Pharmaceuticals Inc. This investigation is part of a broader effort to address potential breaches of fiduciary duties and other legal violations that may have misled investors. A securities class action lawsuit has already been initiated on behalf of shareholders of Shoals Technologies Group, highlighting the seriousness of the allegations. The firm is also looking into iRhythm Technologies, Inc. and Napco Security Technologies, Inc., where similar concerns regarding fiduciary responsibilities have arisen. Shareholders of these companies are encouraged to reach out to the firm to understand their rights and the potential legal remedies available to them. Morris Kandinov emphasizes that all representation will be on a contingency fee basis, meaning that shareholders will not incur any fees or expenses unless there is a successful outcome. This approach aims to provide accessible legal support to those affected by the alleged misconduct. The firm is actively seeking to inform and assist current shareholders of the implicated companies, urging them to contact the firm for further discussion about their legal options. The investigation reflects a growing trend of accountability in corporate governance, as shareholders increasingly seek to protect their investments from potential mismanagement.