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EMCORE Corporation (NASDAQ:EMKR) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of EMCORE Corporation (NASDAQ:EMKR), you have certain options and you should contact the Shareholders Foundation, Inc.

  • 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

Company
Emcore Corp.
Security
NASDAQ: EMKR

Summary

February 2, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of EMCORE Corporation (NASDAQ:EMKR) was announced over potential breaches of fiduciary duties by certain officers and directors at EMCORE.

The investigation by a law firm concerns whether certain EMCORE directors breached their fiduciary duties and caused damage to the company and its shareholders.

EMCORE Corporation reported that its Total Revenue rose from $81.69 million for the 12 months period that ended on September 30, 2015 to $92.00 million for the 12 months period that ended on September 30, 2016 and that its Net Loss of $2.27 million for the 12 months period that ended on September 30, 2015 turned into a Net Income of $2.62 million for the 12 months period that ended on September 30, 2016.

Shares of EMCORE Corporation (NASDAQ:EMKR) grew from under $5 per share in August 2016 to as high as $9.45 per share in January 25, 2017.

On February 2, 2017, NASDAQ:EMKR shares closed at $9.15 per share.

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