An investigation on behalf of investors in Despegar.com, Corp. (NYSE: DESP) shares over potential wrongdoing at Despegar.com, Corp. was announced and NYSE: DESP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/08/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Despegar.com, Corp.
Investors who purchased shares of Despegar.com, Corp. (NYSE: DESP) 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 Despegar.com directors breached their fiduciary duties and caused damage to the company and its shareholders.
Argentina based Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. Despegar.com, Corp. went public in September 2017. Despegar.com, Corp. sold 12,770,000 ordinary shares of the company at a public offering price of $26.00 per share at its initial public offering. Despegar.com, Corp. reported that its annual Total Revenue rose from $411.16 million in 2016 to $523.94 million in 2017 and that its Net Income increased from $17.79 million in 2016 to $42.36 million.
Shares of Despegar.com, Corp. (NYSE: DESP) declined to as low as $11.11 per share in December 2018.
On January 7, 2019, NYSE: DESP shares closed at $13.27 per share.
Those who purchased shares of Despegar.com, Corp. (NYSE: DESP) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.