An investigation for investors in NASDAQ:TLGT shares was announced over potential breaches of fiduciary duties by certain officers and directors at Teligent Inc.
Investors who purchased shares of Teligent Inc (NASDAQ:TLGT) 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 Teligent Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Buena, Nj based Teligent, Inc., formerly IGI Laboratories, Inc., is a specialty generic pharmaceutical company. Teligent Inc reported that its annual Total Revenue rose from $33.74 million in 2014 to $44.25 million in 2015 and that its Net Income increased from $5.25 million in 2014 to $6.67 million in 2015. Shares of Teligent Inc (NASDAQ:TLGT) reached in 2015 as high as $11.52 per share.
On January 24, 2017, NASDAQ:TLGT shares closed at $6.99 per share.
Those who purchased NASDAQ:TLGT 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