An investigation for investors in NYSE:PSTG shares was announced concerning potential breaches of fiduciary duties by certain officers and directors at Pure Storage.
Investors who purchased shares of Pure Storage Inc (NYSE:PSTG) 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 Pure Storage directors breached their fiduciary duties and caused damage to the company and its shareholders.
The company conducted its initial public offering in early October 2015. Shares of Pure Storage Inc (NYSE:PSTG) reached as high as $20.60 per share on October 15, 2015.
On March 2, 2016 Pure Storage Inc announced its fourth quarter and fiscal year 2016 financial results and issued its outlook for its first quarter fiscal 2017 and fully year fiscal 2017 guidance. Pure Storage Inc reported that its Total Revenue rose from $174.45 million for the 12 months period that ended on January 31, 2015 to $440.33 million for the 12 months period that ended on January 31, 2016 while its Net Loss for those respective time periods increased from $183.23 million to $213.75 million.
Shares of Pure Storage Inc (NYSE:PSTG) closed on May 13, 2016 at $14.17 per share.
NYSE:PSTG
Those who purchased NYSE:PSTG 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