San Diego, CA -- (SBWire) -- 02/01/2017 --Certain directors of Office Depot Inc are under investigation over potential wrongdoing. The investigation was announced on behalf of investors of Office Depot Inc (NASDAQ:ODP) shares in connection certain financial statements.
Investors who purchased shares of Office Depot Inc (NASDAQ:ODP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements regarding Office Depot Inc's business, its prospects and its operations were materially false and misleading at the time they were made.
Office Depot Inc reported that its Total Revenue declined from over $16.09 billion for the 52 weeks period that ended on December 27, 2014 to over $14.48 billion for the 52 weeks period that ended on December 26, 2015 and that its Net Loss of $354.00 million for the 52 weeks period that ended on December 27, 2014 turned into a Net Income o $8.00 million for the 52 weeks period that ended on December 26, 2015.
Those who purchased shares of Office Depot Inc 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
NASDAQ:ODP Shareholder News: Investigation over Possible Securities Laws Violations by Office Depot Inc
An investigation for investors in Office Depot Inc (NASDAQ:ODP) shares over potential securities laws violations by Office Depot Inc was announced and NASDAQ:ODP stockholders should contact the Shareholders Foundation.