An investigation for investors in NYSEMKT:GIG shares was announced over potential breaches of fiduciary duties by certain directors at GigPeak Inc .
Investors who purchased shares of GigPeak Inc (NYSEMKT:GIG) 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 GigPeak officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
GigPeak Inc reported that its annual Total Revenue rose from $32.95 million in 2014 to $40.39 million in 2015 and that its Net Loss of $5.82 million turned into a Net Income of $1.25 million in 2015. Shares of GigPeak Inc (NYSEMKT:GIG) rose from $1.04 per share in October 2014 to as high as $3.33 per share in February 2016.
On July 27, 2016, NYSEMKT:GIG shares closed at $2.01 per share.
Those who purchased NYSEMKT:GIG 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