Investigation Overview
July 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors of EndoChoice Holdings Inc (NYSE:GI) shares over potential securities laws violations by EndoChoice Holdings and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of EndoChoice Holdings Inc (NYSE:GI) concerning whether a series of statements by EndoChoice Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
EndoChoice Holdings Inc reported that its annual Total Revenue rose from $61.42 million in 2014 to $72.30 million in 2015 and that its Net Loss increased from $53.64 million in 2014 to $59.38 million in 2015.
Shares of EndoChoice Holdings Inc (NYSE:GI) declined from $17.07 per share in August 2015 to as low as $3.80 per share in February 2016.