An investigation for investors in NYSE:P shares was announced concerning possible breaches of fiduciary duties by certain directors at Pandora Media Inc.
Investors who purchased shares of Pandora Media Inc (NYSE:P) 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 Pandora Media directors breached their fiduciary duties and caused damage to the company and its shareholders.
Pandora Media Inc reported that its annual Total Revenue increased from $600.23 million in 2013 to over $1.16 billion in 2015 while its Net Loss increased from $27.02 million in 2013 to $169.66 million in 2015.
Shares of Pandora Media Inc (NYSE:P) declined from $37.42 per share in February 2014 to as low as $7.10 per share on February 12, 2016.
On March 10, 2016, NYSE:P shares closed at $9.68 per share.
Those who purchased NYSE:P 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