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Cabot Microelectronics Corporation (NASDAQ:CCM) Investor Investigation Concerning Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Cabot Microelectronics Corporation (NASDAQ:CCM) and currently hold any of those NASDAQ:CCM 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
Cabot Microelectronics Corporation
Security
NASDAQ: CCM

Summary

February 16, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Cabot Microelectronics Corporation (NASDAQ:CCM) was announced over potential breaches of fiduciary duties by certain officers and directors at Cabot Microelectronics Corporation.

The investigation by a law firm concerns whether certain Cabot Microelectronics Corporation(NASDAQ:CCM officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Cabot Microelectronics Corporation reported that its Total Revenue rose from $414.10 million for the 12 months period that ended on September 30, 2015 to $430.45 million for the 12 months period that ended on September 30, 2016 and that its respective Net Income grew from $56.15 million to $59.85 million.

Shares of Cabot Microelectronics Corporation (NASDAQ:CCM) Grew from $35.34 per share in February 2016 to as high as $69.14 per share on February 7, 2017.

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