An investigation for investors in NASDAQ:FNSR shares was announced over potential breaches of fiduciary duties by certain officers and directors at Finisar.
Investors who purchased shares of Finisar Corporation (NASDAQ:FNSR) and currently hold any of those NASDAQ:FNSR shares 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 Finisar directors breached their fiduciary duties and caused damage to the company and its shareholders.
Finisar Corporation reported that its Total Revenue rose from over $1.25 billion for the 12 months period that ended on May 3, 2015 to over $1.26 billion for the 12 months period that ended on May 1, 2016 and that its Net Income for this respective time frame increased from $11.89 million to $35.19 million.
Shares of Finisar Corporation (NASDAQ:FNSR) declined from as high as $27.84 per share in April 2014 to as low as $10.82 per share in October 2015.
On August 2, 2016 NASDAQ:FNSR shares closed at $18.07 per share.
Those who purchased NASDAQ:FNSR 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