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GameStop Corp. (NYSE:GME) Investor Investigation Concerning Possible Wrongdoing By Certain Directors Announced

  • If you purchased shares of GameStop Corp. (NYSE:GME), 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
GameStop Corp.
Security
NYSE: GME

Summary

February 5, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of GameStop Corp. (NYSE:GME) was announced over potential breaches of fiduciary duties by certain officers and directors at GameStop.

The investigation by a law firm concerns whether certain GameStop officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
GameStop Corp. reported that its Total Revenue rose from over $8.88 billion for the 53 weeks period that ended on February 2, 2013 to over $9.29 billion for the 52 weeks period that ended on January 31, 2015 and that its Net Loss of $269.70 million for the 53 weeks period that ended on February 2, 2013 turned into a Net Income of $393.10 million for the 52 weeks period that ended on January 31, 2015

Shares of GameStop Corp. (NYSE:GME) declined from $46.82 per share in November 2015 to as low as $24.33 per share on January 20, 2016.

On February 5, 2016, NYSE:GME shares closed at $26.83 per share.

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