Levi & Korsinsky announces it has commenced an investigation of VIVUS Inc. (NASDAQ: VVUS) concerning possible breaches of fiduciary duty by the board of directors of the company.
The investigation concerns improper compensation granted by VIVUS, Inc. In particular, on January 22, 2016, the Company granted CEO Seth Fischer 900,000 stock options in excess compensation in violation of Company’s shareholder-approved option plan. We are investigating an action seeking to force the Company to rescind these improper grants.
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