An investigation for investors in NASDAQ:WMAR shares was announced over potential breaches of fiduciary duties by certain directors at West Marine.
Investors who purchased shares of West Marine, Inc. (NASDAQ:WMAR) and currently hold any of those West Marine, 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 West Marine directors breached their fiduciary duties and caused damage to the company and its shareholders.
West Marine, Inc. reported that its Total Revenue rose from $675.75 million for the 53 weeks period that ended on January 3, 2015 to $704.83 million for the 53 weeks period that ended on January 2, 2016 and that its Net Income for those respective time periods increased from $1.95 million to $4.52 million.
Shares of West Marine, Inc. (NASDAQ:WMAR) closed on May 4, 2016, at $9.57 per share.
Those who purchased NASDAQ:WMAR shares 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