Company Website: http://zlk.9nl.com/sanofi-sny
NEW YORK -- (Business Wire)

Levi & Korsinsky, LLP is investigating Sanofi (NYSE:SNY) in connection with possible breaches of fiduciary duty by the Board of Directors of the Company.

To get more information, click here: http://zlk.9nl.com/sanofi-sny. There is no cost or obligation to you.

On October 29, 2014, the Company announced the firing of CEO Chris Viehbacher. The Board has asked Serge Weinberg, the Company’s Chairman, to temporarily act jointly as Chairman and CEO, pending a decision on the appointment of a new CEO. Sanofi shares dropped more than 5.93%, or $2.85, to $45.22 per share as result of this news.

On December 3, 2014, several media outlets reported that a whistleblower lawsuit was filed against the Company in New Jersey by former Sanofi paralegal Diane Ponte. The suit alleges, among other things, that Viehbacher and other executives were involved in a scheme, in violation of federal law, that saw tens of millions of dollars funneled from the Company in kickbacks and other incentives to the get the Company’s diabetes drugs prescribed and sold. The suit claims that the scheme occurred “over the course of many years” and was partly the cause of Viehbacher’s ouster. The suit also alleges that Ponte was fired in retaliation for bringing the scheme to light.

If you own common stock in Sanofi and wish to obtain additional information about the investigation and our efforts to assist shareholders in recovering their losses, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sanofi-sny.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits and have helped shareholders recover millions of dollars in losses over the years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:

Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com

Source: Levi & Korsinsky, LLP