San Diego, CA -- (SBWIRE) -- 07/22/2014 -- An investigation on behalf of investors in shares FireEye Inc (NASDAQ:FEYE) on March 7, 2014 was announced over potential breaches of fiduciary duties by certain officers and directors at FireEye Inc.
Investors who purchased shares of FireEye Inc (NASDAQ:FEYE) on March 7, 2014 have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain FireEye officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
FireEye Inc went public in September 2013. On February 11, 2014, FireEye Inc reported its financial results for its fourth quarter and fiscal year 2013. FireEye Inc reported that its annual Total Revenue rose from $83.32 million in 2011 to $161.55 million in 2013 and that its respective Net Loss increased from $35.76 million to $120.64 million. Shares of FireEye Inc (NASDAQ:FEYE) rose to $95.63 per share on March 5, 2014.
Then on March 7, 2014, the Company raised over $450 million in a secondary offering, selling shares at $82.00.Shares of FireEye Inc (NASDAQ:FEYE) declined from over $95 per share since early March 2014 to as low as $26.44 per share on May 9, 2014.
On July 18, 2014, NASDAQ:FEYE shares closed at $34.52 per share.
Those who purchased shares of FireEye Inc (NASDAQ:FEYE), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego