San Diego, CA -- (SBWIRE) -- 08/17/2015 -- An investigation on behalf of current long-term investors in shares of RetailMeNot Inc (NASDAQ:SALE) shares was announced over potential breaches of fiduciary duties by certain officers and directors at RetailMeNot.

Investors who purchased shares of RetailMeNot Inc (NASDAQ:SALE) 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 RetailMeNot officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Shares of RetailMeNot Inc (NASDAQ:SALE) reached as high as $43.60 per share in March 2014.

On November 3, 2014 RetailMeNot Inc announced that Douglas C. Jeffries has decided to step down as Chief Financial Officer of RetailMeNot Inc effective November 30, 2014.

RetailMeNot Inc reported that its annual Total Revenue rose from $80.40 million in 2011 to $264.68 million in 2014 and that its Net Income increased from $16.96 million in 2011 to $26.96 million in 2014. RetailMeNot Inc reported that its first quarter revenue declined from $61.27 million in 2014 to $60.38 million in 2015 and that its first quarter Net Income decreased from $6.08 million in 2014 to $4.06 million.

On August 5, 2015, RetailMeNot Inc announced its second quarter 2015 financial results. Shares of RetailMeNot Inc (NASDAQ:SALE) dropped on August 6, 2015 to as low as $8.05 per share.

Those who purchased shares of RetailMeNot Inc (NASDAQ:SALE), 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