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Box Inc (NYSE:BOX) Investor Investigation Over Potential Wrongdoing Announced

  • If you purchased shares of Box Inc (NYSE:BOX) and currently hold any of those NYSE:BOX shares, 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
Box Inc
Security
NYSE: BOX

Summary

June 17, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Box Inc (NYSE:BOX) was announced over potential breaches of fiduciary duties by certain officers and directors at Box Inc.

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

Box Inc reported that its Total Revenue rose from $216.44 million for the 12 months period that ended on January 31, 2015 to $302.70 million for the 12 months period that ended on January 31, 2016 while its Net Loss increased from $168.23 million to $202.95 million.

Shares of Box Inc (NYSE:BOX) declined from $23.23 per share in January 2015 to as low as $8.82 per share in January 2016.

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