An investigation for investors in NASDAQ:SIGM shares over potential securities laws violations in connection certain financial statements was announced.
Investors who purchased shares of Sigma Designs Inc (NASDAQ:SIGM), 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 whether a series of statements regarding Sigma Designs’ business, its prospects and its operations were materially false and misleading at the time they were made.
On March 23, 2016, Sigma Designs Inc reported its fourth quarter and fiscal year 2016 financial results. Sigma Designs Inc reported that its Total Revenue increased from $188.31 million for the 12 months period that ended on January 31, 2015 to $227.25 million for the 12 months period that ended on January 30, 2016 and that its Net Loss of $21.7 million for the 12 months period that ended on January 31, 2015 turned into a Net Income of $0.16 million for the 12 months period that ended on January 30, 2016.
Shares of Sigma Designs Inc (NASDAQ:SIGM) declined to as low as $6.13 per share on March 28, 2016.
On April 4, 2016, NASDAQ:SIGM shares closed at $6.39 per share.
Those who purchased shares of Sigma Designs Inc (NASDAQ:SIGM) 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