An investigation on behalf of investors in Ocean Power Technologies Inc(NASDAQ:OPTT) shares over potential wrongdoing at Ocean Power Technologies Inc was announced and NASDAQ:OPTT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/22/2017 -- An investigation was announced for investors in shares of Ocean Power Technologies Inc(NASDAQ:OPTT) over potential breaches of fiduciary duties by certain officers and directors at Ocean Power Technologies.
Investors who purchased shares of Ocean Power Technologies Inc(NASDAQ:OPTT) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Ocean Power Technologies officers and directors breached their fiduciary duties.
Pennington, NJ based Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. Ocean Power Technologies Inc reported that its Total Revenue declined from $4.11 million for the 12 months period that ended on April 30, 2015 to $0.70 million for the 12 months period that ended on April 30, 2016 and that its Net Loss for those time periods increased from $13.11 million to $13.13 million
Shares of Ocean Power Technologies Inc(NASDAQ:OPTT) declined from $13.92 per share in July 2016 to as low as $1.30 per share in early May 2017.
On May 19, 2017, NASDAQ:OPTT shares closed at $1.40 per share.
Those who purchased shares of Ocean Power Technologies Inchave certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego