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Accuray Incorporated (NASDAQ:ARAY) Investor Investigation Concerning Possible Breaches Of Fiduciary Duties Announced

  • If youpurchased shares of Accuray Incorporated (NASDAQ:ARAY), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Accuray Incorporated
Security
NYSE: ARAY

Summary

October 21, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Accuray Incorporated (NASDAQ:ARAY) was announced over potential breaches of fiduciary duties by certain officers and directors at Accuray.

The investigation by a law firm concerns whether certain Accuray officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Accuray Incorporated reported that its Total Revenue rose from $369.42 million for the 52 weeks period that ended on June 30, 2014 to $379.80 million for the 52 weeks period that ended on June 30, 2015 while its Net Loss for those respective time periods increased from $35.45 million to $40.21 million.

Shares of Accuray Incorporated (NASDAQ:ARAY) declined from $9.82 per share in April 2015 to as low as $4.80 per share on October 1, 2015.

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