An investigation on behalf of investors in Informatica Inc. (NYSE:INFA) shares over potential wrongdoing at Informatica Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/29/2022 -- An investigation was announced for investors in shares of Informatica Inc. (NYSE: INFA) over potential breaches of fiduciary duties by certain directors at Informatica Inc.
Investors who purchased shares of Informatica Inc. (NYSE: INFA) 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 Informatica Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Redwood City, CA based Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States.
On or around October 27, 2021, Informatica Inc. conducted its initial public offering ("IPO"), issuing 29,000,000 shares priced at $29.00 per share.
Then, on February 16, 2022, the Company reported a net loss that widened to $66.3 million, or 25 cents a share, from $32.8 million, or 13 cents a share, in the year-ago period.
Shares of Informatica Inc. (NYSE: INFA) declined to as low as $18.50 per share on April 8, 2022.
Those who purchased shares of Informatica Inc. (NYSE: INFA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
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.