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If you purchased shares of Cutera, Inc. (NASDAQ: CUTR) and presently hold those CUTR shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
An investigation on behalf of investors in shares of Cutera, Inc. (NASDAQ: CUTR) over possible breaches of fiduciary duties by certain of Cuteras directors in connection with the executive compensation at Cutera, Inc. was announced.
The investigation by a law firm focuses on possible breaches of fiduciary duty by the board of directors of Cutera, Inc in connection with the company's 2010 compensation for its CEO and other executives.
In fact, while Cuteras 12months Total Revenue declined from $101.73million in 2007 to $53.27million in 2010 and its Net Income fell from $10.50million for 2007 to a Net Loss of $10.52million in 2010, its CEOs pay rose from roughly $919,000 in 2009 to about $1.15million in 2010.
Its first quarter quarterly Revenue fell from $13.75million to $11.62million in the first quarter in 2011. Its first quarter Net Loss increased from $2.02million a year earlier to a quarterly Net Loss $3.85million for the first quarter in 2011.
Even though shares of Cutera, Inc. (NASDAQ CUTR) rose from as low as $5.75 in March 09 to $9.45 in May 2011, CUTR stock before that dropped from as high as $37.38 in February 2007.
