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Aspen Technology, Inc. (NASDAQ:AZPN) Investor Investigation Over Possible Breaches Of Fiduciary Duties Annoucned

  • If you purchased shares of Aspen Technology, Inc. (NASDAQ:AZP), 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
Aspen Technology, Inc.
Security
NASDAQ: AZPN

Summary

January 29, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Aspen Technology, Inc. (NASDAQ:AZP) was announced over potential breaches of fiduciary duties by certain officers and directors at Aspen Technology, Inc.

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

Aspen Technology, Inc. reported that its Total Revenue rose from $243.13 million for the 12 months period that ended on June 30, 2012 to as high as $440.40 million for the 12 months period that ended on June 30, 2014 and that its Net Loss of $13.81 million for the 12 months period that ended on June 30, 2012 turned into a Net Income of $118.41 million for the 12 months period that ended on June 30, 2014

Shares of Aspen Technology, Inc. (NASDAQ:AZP) declined from $44.16 per share in December 2015 to as low as $32.08 per share on January 28, 2016.

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