Assertio Holdings holder Buxton Helmsley releases letter from fraud examiner

The Buxton Helmsley Group, a New York City-based investment fund manager that holds a significant interest in the common stock shares of Assertio Holdings, released a letter from Rumbi Petrozzello, a Certified Public Accountant and Certified Fraud Examiner who previously served as President of the New York State Society of CPAs. In the letter, Petrozello attests to disclosure failures and deficiencies by Assertio’s Board of Directors, and expresses several significant concerns. She recommends that further investigation is warranted, but that it should only be conducted by parties not connected to or selected by Assertio’s Board and management. Buxton Helmsley released the letter in conjunction with its campaign to urge Assertio stockholders to vote “against” all of the company’s director nominees at the company’s upcoming 2024 annual meeting of stockholders on May 23, 2024. BHG strongly believes that significant change to the Assertio board of directors is necessary in order to bring about new oversight and reinstate stockholder-like judgment in the Boardroom. Any stockholders who have already cast their ballots should immediately call their broker to change their ballot to reflect a vote “against” all Assertio directors.