An investigation on behalf of investors in NASDAQ:HLIT shares was announced over potential breaches of fiduciary duties by certain Harmonic directors.
Investors who purchased shares of Harmonic Inc (NASDAQ:HLIT) 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 Harmonic Inc officers and directors breached their fiduciary duties.
Harmonic Inc reported that its annual Total Revenue rose from $377.03 million in 2015 to $405.91 million in 2016 and that its Net Loss increased from $15.66 million in2 105 to $72.31 million in 2016.
Shares of Harmonic Inc (NASDAQ:HLIT) grew from $2.62 per share in May 2016 to as high as $6.10 per ahare on March 6, 2017.
On May 25, 2017, NASDAQ:HLIT shares closed at $5.25 per share.
Those who purchased NASDAQ:HLIT 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