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Levi & Korsinsky announces it has commenced an investigation of Advaxis, Inc. (NASDAQ: ADXS) concerning possible breaches of fiduciary duty by the board of directors of the company.
Levi & Korsinsky LLP is investigating the grant of an aggregate of 1,567,595 stock options to the Compensation Committee and to the executive officers and directors of Advaxis, Inc. in 2015. In particular, we are investigating whether there was an improper granting of “spring-loaded” stock options, as well as excessive and unfair compensation received by non-employee Board members.
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