San Diego, CA -- (SBWire) -- 10/26/2015 --An investigation for shareholders in NASDAQ:ARAY was announced over potential breaches of fiduciary duties by certain officers and directors at Accuray.
Investors who purchased shares of Accuray Incorporated (NASDAQ:ARAY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm concerns whether certain Accuray 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 October 22, 2015, NASDAQ:ARAY shares closed at $5.27 per share.
Those who purchased shares of Accuray Incorporated 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
Accuray Incorporated (NASDAQ:ARAY) Shareholder Alert: Investigation Concerning Potential Wrongdoing
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.