Robbins LLP Is Investigating the Officers and Directors of Great Basin Scientific, Inc. (GBSN) on Behalf of Shareholders
Robbins LLP is investigating whether certain officers and directors of Great Basin Scientific, Inc. (NASDAQCM: GBSN) violated federal securities laws by issuing materially misleading business information to the investing public. Great Basin Scientific, a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-acquired infections.
Great Basin Scientific Shares Suffer Massive Dilution
On February 25, 2015, Great Basin Scientific offered 2,724,000 units for sale in a public offering. However, because these units could be converted into preferred stock and warrants it obligated the company to issue hundreds of millions of new Great Basin shares. This resulted in massive dilution causing damage to shareholders.
Great Basin Scientific Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.