NEW YORK, May 22, 2015 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of IsoRay, Inc. ("IsoRay" or the
"Company") (NYSE: ISR), concerning whether the board has breached
its fiduciary duties to shareholders.
On May 22, 2015,
TheStreet.com published article titled "IsoRay Takes
Liberties With Lung Cancer Study Results to Prop Up Stock Price,"
which reported "To make up for the inability to deliver revenue
growth -- and prop up its stock price -- IsoRay issues a lot of
promotional press releases, some of which take liberties with
clinical data using clever, selective editing." The article
goes on to give the following example: IsoRay recently trumpeted a
100% survival at five years in high risk patients being treated
with Cesium-131 without mentioning that the comparable five year
survival rate for patients undergoing surgery alone is
98%.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own IsoRay shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400, (212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP