An investigation for investors in NASDAQ:EMKR shares was announced over potential breaches of fiduciary duties by certain EMCORE directors.
Investors who purchased shares of EMCORE Corporation (NASDAQ:EMKR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain EMCORE directors breached their fiduciary duties and caused damage to the company and its shareholders.
EMCORE Corporation reported that its Total Revenue rose from $81.69 million for the 12 months period that ended on September 30, 2015 to $92.00 million for the 12 months period that ended on September 30, 2016 and that its Net Loss of $2.27 million for the 12 months period that ended on September 30, 2015 turned into a Net Income of $2.62 million for the 12 months period that ended on September 30, 2016.
Shares of EMCORE Corporation (NASDAQ:EMKR) grew from under $5 per share in August 2016 to as high as $9.45 per share in January 25, 2017.
On February 2, 2017, NASDAQ:EMKR shares closed at $9.15 per share.
Those who purchased NASDAQ:EMKR shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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