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Frequency Electronics, Inc. (NASDAQ:FEIM) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Frequency Electronics, Inc. (NASDAQ:FEIM), 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
Frequency Electronics, Inc.
Security
NASDAQ: FEIM

Summary

June 3, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) was announced over potential breaches of fiduciary duties by certain officers and directors at Frequency Electronics.

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

Frequency Electronics, Inc. reported that its Total Revenue rose from $7.55 million for the 12 months period that ended on April 30, 2014 to $76.56 million for the 12 months period that ended on April 30, 2015 while its Net Income for those respective time periods declined from $4.04 million to $2.83 million.

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) grew from $10.50 per share in May 2014 to as high as $14.80 per share in April 2015.

On June 1, 2016, NASDAQ:FEIM shares closed at $9.75 per share.

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