Investigation Overview
December 19, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Great Elm Capital Group Inc (NASDAQ:GEC) was announced over potential breaches of fiduciary duties by certain officers and directors at Great Elm Capital Group.
The investigation by a law firm concerns whether certain Great Elm Capital Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Los Altos, CA based Great Elm Capital Group, Inc., formerly Unwired Planet, Inc., is a holding company that makes investments in businesses and assets in various industries. Shares of Great Elm Capital Group Inc (NASDAQ:GEC) declined from $11.31 per share in January 2016 to as low $3.60 per share on October 31, 2016.