An investigation on behalf of investors in ORBCOMM Inc (NASDAQ:ORBC) shares over potential wrongdoing at ORBCOMM was announced and NASDAQ:ORBC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/26/2016 -- An investigation was launched for investors in shares of ORBCOMM Inc (NASDAQ:ORBC) was announced over potential breaches of fiduciary duties by certain directors at ORBCOMM Inc.
Investors who purchased shares of ORBCOMM Inc (NASDAQ:ORBC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain ORBCOMM Inc officers and directors breached their fiduciary duties.
ORBCOMM Inc reported that its annual Total Revenue rose from $74.21 millio in 2013 to $178.29 million in 2015 while its Net Income of $4.460 million in 2013 turned into a Net Loss of $13.25 million in 2015.
Shares of ORBCOMM Inc (NASDAQ:ORBC) grew from $3.62 per share in May 2013 to as high as $10.31 per share in April 2016.
On May 24, 2016, NASDAQ:ORBC shares closed at $9.35 per share.
Those who purchased shares of ORBCOMM 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