An investigation on behalf of investors in SeaChange International (NASDAQ:SEAC) shares over potential wrongdoing at SeaChange International was announced and NASDAQ:SEAC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/10/2017 -- An investigation on behalf of current long-term investors in shares of SeaChange International (NASDAQ:SEAC) was announced over potential breaches of fiduciary duties by certain officers and directors at SeaChange.
Investors who purchased shares of SeaChange International (NASDAQ:SEAC) and currently hold any of those NASDAQ:SEAC shares 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 SeaChange International (NASDAQ:SEAC) officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
SeaChange International reported that its Total Revenue rose declined from $115.44 million for the 12 months period that ended on Jan. 31, 2015 to $106.99 million for the 12 months period that ended on Jan. 31, 2016 and that its Net loss increased from $27.48 million to $47.70 million over those respective time periods.
Shares of SeaChange International (NASDAQ:SEAC) declined from $14.84 per share in late 2013 to aslow as $2.28 per share in late December 2016.
On February 9, 2017, NASDAQ:SEAC shares closed at $2.48 per share.
Those who purchased shares of SeaChange International 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