Investigation Overview
April 19, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Chart Industries, Inc. (NASDAQ:GTLS) was announced over potential breaches of fiduciary duties by certain officers and directors at Chart Industries, Inc.
The investigation by a law firm concerns whether certain Chart Industries, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Shares of Chart Industries, Inc. (NASDAQ:GTLS) declined from $129 per share in late 2013 to as low as $14.77 per share in early 2016.
Chart Industries, Inc. reported that its annual Total Revenue declined from over $1.04 billion in 2015 to $859.15 million in 2016 and that its Net Loss of $202.96 million in 2015 turned into a Net Income of $28.24 million in 2016.
Shares of Chart Industries, Inc. (NASDAQ:GTLS) grew from under $15 per share in early 2016 to as high as $40.43 per share in February 2017.
On April 19, 2017, NASDAQ:GTLS shares closed at $33.65 per share.