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Aradigm Corporation (NASDAQ:ARDM) Investor Investigation Concerning Potential Wrongdoing Announced

  • If you purchased shares of Aradigm Corporation (NASDAQ:ARDM), 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
Aradigm Corporation
Security
NASDAQ: ARDM

Summary

April 07, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Aradigm Corporation (NASDAQ:ARDM) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Aradigm.

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

Aradigm Corporation reported that its annual Total Revenue rose from $9.72 million in 2013 to $33.56 million in 2014 and that its Net Loss of $21.56 million in 2013 turned into a Net Income of $4.65 million in 2014. Shares of Aradigm Corporation (NASDAQ:ARDM) declined from as high as $10.56 per share in September 2014 to as low as $6.17 per share on March 27, 2015.

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