An investigation on behalf of investors in Imation Corp. (NYSE:IMN) shares over potential wrongdoing at Imation Corp. was announced and NYSE:IMN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/12/2016 -- An investigation for shareholders in Imation Corp. (NYSE:IMN) was announced over potential breaches of fiduciary duties by certain Imation directors.
Investors who purchased shares of Imation Corp. (NYSE:IMN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Imation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Imation Corp. reported that its annual Total Revenue declined $860.80 million in 2013 to $729.50 million in 2014 and that its Net Loss increased from $44.40 million in 2013 to $114.70 million in 2014.Shares of Imation Corp. (NYSE:IMN) declined from $6.40 per share in February 2014 to as low as $1.38 per share on December 7, 2015.
On January 8, 2016, NYSE:IMN shares closed at $1.24 per share.
Those who purchased shares of Imation Corp. (NYSE:IMN) 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