An investigation on behalf of investors in Globalstar, Inc. (NYSEMKT:GSAT) shares over potential wrongdoing at Globalstar, Inc. was announced and NYSEMKT:GSAT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/30/2016 -- An investigation for shareholders in Globalstar, Inc. was announced over potential breaches of fiduciary duties by certain directors at Globalstar, Inc.
Investors who purchased shares of Globalstar, Inc. (NYSEMKT:GSAT) 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 Globalstar directors breached their fiduciary duties and caused damage to the company and its shareholders.
Globalstar, Inc. reported that its annual Total Revenue rose from $82.71 million in 2013 to $90.49 million in 2015 and that its Net Loss of $591.12 million in 2013 turned into a Net Income of $72.32 million in 2015. Shares of Globalstar, Inc. (NYSEMKT:GSAT) declined from $3.55 per share in March 2015 to as low as $0.97 per share in Janaury 2016.
On March 28, 2016, NYSEMKT:GSAT shares closed at $1.47 per share.
Those who purchased shares of Globalstar, Inc. (NYSEMKT:GSAT), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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