An investigation on behalf of investors in Apigee Corp (NASDAQ:APIC) shares over potential wrongdoing at Apigee Corp was announced and NASDAQ:APIC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/16/2016 -- An investigation for shareholders in Apigee Corp (NASDAQ:APIC) was announced over potential breaches of fiduciary duties by certain officers and directors at Apigee.
Investors who purchased shares of Apigee Corp (NASDAQ:APIC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Apigee directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 24, 2015, Apigee's stock traded as high as $20.50, the same day Apigee Corp sold 5.1 million shares of stock in its initial public stock offering (the "IPO"), raising $87 million in new capital.
On September 9, 2015, Apigee Corp announced its fourth quarter results. Apigee Corp reported that its Total Revenue rose from $52.70 million for the 12 months period that ended on July 31, 2014 to $68.61 million for the 12 months period that ended on July 31, 2015 and that its Net Loss for those respective time periods declined from $60.79 million to $50.35 million.
Those who purchased shares of Apigee Corp (NASDAQ:APIC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
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