PSYCHEMEDICS NOTIFICATION: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Psychemedics Corporation To Contact The Firm

News provided by

Jan 31, 2017, 12:45 ET

NEW YORK, Jan. 31, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Psychemedics Corporation ("Psychemedics" or the "Company") (NASDAQ: PMD).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose the potential financial ramifications of litigation being conducted against the company subsidiary in Brazil, Psychemedics Brasil Exames Toxicologicos Ltda.

Specifically, on January 31, 2017, Psychemedics announced that its local representative in Brazil was ordered on January 20, 2017 to compensate Omega Laboratories, Inc. USA for losses caused by anticompetitive practice. The 23rd Civil Court of Brasilia reviewed and upheld the termination of an exclusivity agreement and ordered Psychemedics to indemnify Omega Laboratories, Inc. USA for, among other things, lost profits.

After the announcement, Psychemedics'a share price has fallen sharply during intraday trading.

Request more information now by clicking here: www.faruqilaw.com/PMD. There is no cost or obligation to you.

Take Action

If you invested in Psychemedics stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/PMD. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Psychemedics's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE Faruqi & Faruqi, LLP