Investigation Overview
April 23, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of CIBER, Inc. (NYSE:CBR) was announced concerning whether certain CIBER officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain CIBER officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
CIBER, Inc. (NYSE:CBR) reported that its annual Total Revenue declined from $901.06 million in 2011 to $884.44 million in 2012 and that its Net Loss decreased from $67.26 million in 2011 to $14.63 million in 2011.
Shares of CIBER, Inc. (NYSE:CBR) traded in 2011 as high as $6.76 per share and declined to as low as $2.75 per share in November 2012.
On April 23, 2013, NYSE:CBR shares closed at $4.46 per share.