An investigation on behalf of investors in Accuray Incorporated (NASDAQ:ARAY) shares over potential wrongdoing at Accuray was announced and NASDAQ:ARAY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/17/2015 -- An investigation for shareholders in Accuray Incorporated shares was announced over potential breaches of fiduciary duties by certain directors at Accuray.
Investors who purchased shares of Accuray Incorporated (NASDAQ:ARAY) 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 Accuray officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Accuray Incorporated reported that its Total Revenue rose from $369.42 million for the 52 weeks period that ended on June 30, 2014 to $379.80 million for the 52 weeks period that ended on June 30, 2015 while its Net Loss for those respective time periods increased from $35.45 million to $40.21 million.
Shares of Accuray Incorporated (NASDAQ:ARAY) declined from $9.82 per share in April 2015 to as low as $4.80 per share on October 1, 2015.
On November 16 2015, NASDAQ:ARAY shares closed at $6.97 per share.
Those who purchased Accuray Incorporated 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