Harwood Feffer LLP Announces Investigation of Affymax, Inc.

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Harwood Feffer LLP Announces Investigation of Affymax, Inc.

_{//health-fitness.news-articles.net/content/2013/ .. -llp-announces-investigation-of-affymax-inc.html}
^{Published in Health and Fitness on Wednesday, April 3rd 2013 at 14:01 GMT by Market Wire}

Harwood Feffer LLP Announces Investigation of Affymax, Inc. -- NEW YORK, April 3, 2013 /PRNewswire/ --

[ Download image ]

NEW YORK, April 3, 2013 /PRNewswire/ -- Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Affymax, Inc. ("Affymax" or the "Company") (NASDAQ: [ AFFY ]), concerning whether the board has breached its fiduciary duties to shareholders.

(Logo: [ http://photos.prnewswire.com/prnh/20120215/MM54604LOGO ])

On February 25, 2013, the Company disclosed that it had initiated a voluntary recall of all lots of its anemia injection, OMONTYS. Company stock, which closed above $16.00 per share on the last trading day prior to the announcement, plunged to $2.42 at close on the next trading day.

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 Affymax 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.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Craig Lowther
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 ]

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.

Attorney Advertising. © 2013 Harwood Feffer LLP. 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.

SOURCE Harwood Feffer LLP

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