Investigation Overview
May 18, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of GSE Systems, Inc. (NYSEMKT:GVP) was announced over potential breaches of fiduciary duties by certain officers and directors at GSE Systems.
The investigation by a law firm concerns whether certain GSE Systems officers and directors breached their fiduciary duties.
GSE Systems, Inc. reported that its annual Total Revenue rose from $37.54 million in 2104 to $56.80 million in 2015 and that its Net Loss declined from $7.33 million in 2013 to $4.71 million in 2015.
Shares of GSE Systems, Inc. (NYSEMKT:GVP) grew from $1.37 per share in November 2015 to as high as $2.92 per share in March 2016.
On May 18, 2016, NYSEMKT:GVP shares closed at $2.16 per share.