Investigation Overview
An investigation on behalf of investors in shares of DPW Holdings, Inc. (NYSE: DPW) was announced over potential breaches of fiduciary duties by certain officers and directors.
The investigation by a law firm concerns whether certain DPW Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
Fremont, CA based DPW Holdings, Inc. designs, develops, manufactures, and sells power system solutions for the medical, military, telecom, and industrial markets in North America and Europe. DPW Holdings, Inc. reported that its annual Total Revenue rose from $7.59 million in 2016 to $10.17 million in 2017 and that its Net Loss increased from $1.12 million in 2016 to $10.61 million in 2017.
Shares of DPW Holdings, Inc. (NYSE: DPW) declined from $5.95 per share in late 2017 to as low as $0.74 per share in April 2018.