An investigation on behalf of investors in Digital Turbine Inc (NASDAQ:APPS) shares over potential wrongdoing at Digital Turbine was announced and NASDAQ:APPS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/24/2015 -- An investigation on behalf of current long-term investors in shares of Digital Turbine Inc (NASDAQ:APPS) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Digital Turbine.
Investors who purchased shares of Digital Turbine Inc (NASDAQ:APPS) 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 Digital Turbine officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Digital Turbine Inc (NASDAQ:APPS) reported that its Total Revenue rose from $3.85 million for the 12 months period that ended on March 31, 2013 to $24.40 million for the 12 months period that ended on March 31, 2013. However, over the same time period Digital Turbine's Net Loss increased from $14.16 million to $18.70 million.
Shares of Digital Turbine Inc (NASDAQ:APPS) declined from $5.89 per share in September 2014 to as low as $2.79 per share in late January 2015.
On February 20, 2015, NASDAQ:APPS shares closed at $3.32 per share.
Those who purchased shares of Digital Turbine Inc (NASDAQ:APPS), 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