An investigation on behalf of investors in Pandora Media Inc (NYSE:P) shares over potential wrongdoing at Pandora Media Inc was announced and NYSE:P stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/16/2016 -- An investigation for shareholders in Pandora Media Inc (NYSE:P) was announced over potential breaches of fiduciary duties by certain directors at Pandora Media Inc.
Investors who purchased shares of Pandora Media Inc (NYSE:P) have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Pandora Media directors breached their fiduciary duties and caused damage to the company and its shareholders.
Pandora Media Inc reported that its annual Total Revenue increased from $600.23 million in 2013 to over $1.16 billion in 2015 while its Net Loss increased from $27.02 million in 2013 to $169.66 million in 2015. Shares of Pandora Media Inc (NYSE:P) declined from $37.42 per share in February 2014 to as low as $7.10 per share on February 12, 2016.
On March 15, 2016, NYSE:P shares closed at $9.83 per share.
Those who purchased shares of Pandora Media Inc (NYSE:P), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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