The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of GTT Communications Inc (NYSE:GTT) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at GTT Communications.
Investors who purchased shares of GTT Communications Inc (NYSE:GTT) 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 GTT Communications officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
GTT Communications Inc reported that its annual Total Revenue rose from $107.88 million in 2012 to $207.34 million in 2014 while its respective Net Loss increased from $1.56 million to $22.98 million. Shares of GTT Communications Inc (NYSE:GTT) grew from $1.15 per share in early 2012 to as high as $19.30 per share on March 20, 2015.
On April 21, 2015, NYSE:GTT shares closed at $18.44 per share.
Those who purchased shares of GTT Communications Inc (NYSE:GTT), 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