The Shareholders Foundation announces that an investigation on behalf of investors of ParkerVision, Inc. (NASDAQ:PRKR) shares was initiated over potential breaches of fidcuairyd duties by certain ParkerVision directors and officers.
Investors who purchased shares of ParkerVision, Inc. (NASDAQ:PRKR) 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 focuses on possible claims on behalf of purchasers of the securities of ParkerVision, Inc. (NASDAQ:PRKR) concerning certain statements regarding ParkerVision’s business, its prospects and its operations were materially false and misleading at the time they were made.
ParkerVision, Inc. reported that its Net Loss increased from $14.57 million in 2011 to $27.87 million in 2013. Shares of ParkerVision, Inc. (NASDAQ:PRKR) grew from $0.441 per share in January 2011 to as high as $7.09 per share in October 2013, respectively $5.17 per share on June 17, 2014.
Then on June 20, 2014, ParkerVision, Inc. announced that it received unfavorable decisions in the case filed by ParkerVision, Inc. against Qualcomm over alleged patent infringements. Shares of ParkerVision, Inc. (NASDAQ:PRKR) declined from over $5 per share on June 20, 2014 to $1.38 per share on June 23, 2014.
On July 7, 2014, NASDAQ:PRKR shares closed at $1.38 per share.
Those who purchased shares of ParkerVision, Inc. (NASDAQ:PRKR), 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