Investigation Overview
An investigation on behalf of current long-term investors in shares of First Foundation Inc (NASDAQ:FFWM) was announced over potential breaches of fiduciary duties by certain officers and directors at First Foundation Inc.
The investigation by a law firm concerns whether certain First Foundation Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
Irvine, CA based First Foundation Inc. is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. First Foundation Inc reported that its Net Income increased from $13.38 million in 2015 to $23.30 million in 2016.
Shares of First Foundation Inc (NASDAQ:FFWM) grew from $14.74 per share in March 2017 to as high as $19.67 per share on October 26, 2017.