AngioDynamics, Inc. (NASDAQ:ANGO) Shareholder Alert: Investigation over Potential Wrongdoing

An investigation on behalf of investors in AngioDynamics, Inc. (NASDAQ:ANGO) shares over potential wrongdoing at AngioDynamics, Inc. was announced and NASDAQ:ANGO stockholders should contact the Shareholders Foundation .

Logo

San Diego, CA -- (SBWire) -- 10/15/2015 --An investigation for shareholders in NASDAQ:ANGO shares was announced over potential breaches of fiduciary duties by certain directors at AngioDynamics, Inc.

Investors who purchased shares of AngioDynamics, Inc. (NASDAQ:ANGO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain AngioDynamics officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

AngioDynamics, Inc. reported that its Total Revenue rose from $221.92 million for the 52 weeks period that ended on May 31, 2012 to $354.43 million for the 52 weeks period that ended on May 31, 2014, and that its Net loss of $5.18 million for the 52 weeks period that ended on May 31, 2012 turned into a Net Income of $2.67 million for the 52 weeks period that ended on May 31, 2014. Shares of AngioDynamics, Inc. (NASDAQ:ANGO) grew to as high as $19.72 per share in late January 2015.

On April 9, 2015, AngioDynamics, Inc. reported its 2015 third quarter financial results.

Among other things, AngioDynamics, Inc said that its third quarter net sales of $86.6 million decreased 2% year over year from $88.2 million in last fiscal year's third quarter. AngioDynamics, Inc also provided its fiscal 2015 and fourth quarter guidance. AngioDynamics, Inc said that its short term impact coupled with the headwinds due to foreign currency exchange has resulted in a revision of net sales for fiscal year 2015 to a range of $356 million to $360 million from its prior outlook of a range of $362 million to $368 million.

Shares of Shares of AngioDynamics, Inc. (NASDAQ:ANGO) declined on April 10, 2015 to as low as $16.25 per share.

Those who purchased shares of AngioDynamics, 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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/633337