An investigation on behalf of investors in NASDAQ:OESX shares over potential wrongdoing at Orion Energy Systems was announced and NASDAQ:OESX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/18/2016 -- An investigation on behalf of investors in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) was announced over potential breaches of fiduciary duties by certain directors at Orion Energy Systems.
Investors who purchased shares of Orion Energy Systems, Inc. (NASDAQ:OESX) 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 Orion Energy Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Orion Energy Systems, Inc. reported that its Total Revenue declined from $72.21 million for the 12 months period that ended on March 31, 2015 to $67.64 million for the 12 months period that ended on March 31, 2016 and that its Net Loss for those respective time periods declined from $32.06 million to $20.13 million.
Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) declined from $7.35 per share in early 2014 to as low as $1.04 per share on June 27, 2016,
On August 17, 2016, NASDAQ:OESX shares closed at $1.33 per share.
Those who purchased shares of Orion Energy Systems, Inc. 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