Investigation Overview
August 21, 2014 (Shareholders Foundation) - An investigation on behalf of investors in Cytori Therapeutics Inc. (USA) (NASDAQ:CYTX) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Cytori Therapeutics Inc.
The investigation by a law firm concerns whether certain Cytori Therapeutics officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Cytori Therapeutics Inc. reported that its annual Total Revenue declined from $14.50 million in 2012 to $12.20 million in 2013 and that its Net loss declined from $32.28 million in 2012 to $26.18 million in 2013. Shares of Cytori Therapeutics Inc. (USA) (NASDAQ:CYTX) declined from $4.75 per share in September 2012 to as low as $1.38 per share on August 21, 2014.