An investigation for investors in NASDAQ:HEAR shares was announced over potential breaches of fiduciary duties by certain directors at Turtle Beach.
Investors who purchased shares of Turtle Beach Corp (NASDAQ:HEAR) and currently hold any of those NASDAQ:HEAR 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 Turtle Beach Corp (NASDAQ:HEAR officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Turtle Beach Corp reported that its annual Total Revenue declined from $186.18 million in 2014 to $162.75 million in 2015 and that its Net Loss increased from $15.49 million in 2014 to $82.91 million in 2015. Shares of Turtle Beach Corp (NASDAQ:HEAR) declined from $3.61 per share in October 2015 to as low as $0.83 per share on May 9, 2016.
On June 7, 2016, NASDAQ:HEAR shares closed at $0.95 per share.
Those who purchased NASDAQ:HEAR 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