Shareholders Foundation, Inc.

Turtle Beach Corp (NASDAQ:HEAR) Faces Shareholder Investigation Concerning Possible Wrongdoing

An investigation on behalf of investors in Turtle Beach Corp (NASDAQ:HEAR) shares over potential wrongdoing at Turtle Beach Corp was announced and NASDAQ:HEAR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/26/2016 -- Certain directors of Turtle Beach Corp are under investigation. The investigation was announced on behalf of current long-term investors in Turtle Beach Corp shares over potential breaches of fiduciary duties by certain directors at Turtle Beach.

Investors who purchased shares of Turtle Beach Corp (NASDAQ:HEAR) and currently hold any of those NASDAQ:HEAR shares 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 Turtle Beach Corp (NASDAQ:HEAR officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Turtle Beach Corp reported tat its annual Total Revenue declined from $186.18 million in 2014 to $162.75 million in 2015 and that its Net Loss increased from $15.49 million in 2014 to $82.91 million in 2015.

Shares of Turtle Beach Corp (NASDAQ:HEAR) declined from $3.61 per share in October 2015 to as low as May 9, 2016.

On May 24, 2016, NASDAQ:HEAR shares closed at $1.05 per share.

Those who purchased shares of Turtle Beach Corp 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