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Gigamon Inc (NYSE:GIMO) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Gigamon Inc (NYSE:GIMO), 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
Gigamon Inc
Security
NYSE: GIMO

Summary

January 27, 2014 (Shareholders Foundation) - An investigation on behalf of investors in shares of Gigamon Inc (NYSE:GIMO) was announced concerning whether certain Gigamon officers and directors possibly breached their fiduciary duties.

The investigation by a law firm concerns, among other things, whether certain Gigamon officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Gigamon Inc reported that its annual Total Revenue rose from $68.11 million in 2011 to $96.72 million in 2012, while its respective Net Income declined from $16.93 million to $7.53 million.

Shares of Gigamon Inc (NYSE:GIMO) declined from $41.54 per share in September 2013 to as low as $25.46 per share in December 2013.

On January 27, 2014, NYSE:GIMO shares closed at $30.21 per share

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