Investigation Overview
Company
Security
NASDAQ: GAIA
Summary
October 21, 2016 (Shareholders Foundation) - An investigation on behalf of investors in shares of Gaia Inc (NASDAQ:GAIA) was announced over potential breaches of fiduciary duties by certain officers and directors at Gaia Inc.
The investigation by a law firm concerns whether certain Gaia officers and directors breached their fiduciary duties.
Gaia Inc reported that while its annual Total Revenue rose from $166.69 million in 2014 to $188.02 million in 2015 its Net Loss increased from $9.92 million in 2014 to $11.71 million in 2015.
Shares of Gaia Inc (NASDAQ:GAIA) grew from $4.74 per share in February 2016 to as high as $8.22 per share in August 2016.
On October 21, 2016, NASDAQ:GAIA shares closed at $6.55 per share.