An investigation for investors in NASDAQ:SEAC shares was announced over potential breaches of fiduciary duties by certain SeaChange directors.
Investors who purchased shares of SeaChange International (NASDAQ:SEAC) and currently hold any of those NASDAQ:SEAC 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 SeaChange International directors breached their fiduciary duties and caused damage to the company and its shareholders.
SeaChange International reported that its Total Revenue rose declined from $115.44 million for the 12 months period that ended on Jan. 31, 2015 to $106.99 million for the 12 months period that ended on Jan. 31, 2016 and that its Net loss increased from $27.48 million to $47.70 million over those respective time periods. Shares of SeaChange International (NASDAQ:SEAC) declined from $14.84 per share in late 2013 to aslow as $2.28 per share in late December 2016.
On March 2, 2017, NASDAQ:SEAC shares closed at $2.47 per share.
Those who purchased NASDAQ:SEAC 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