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Harmonic Inc (NASDAQ:HLIT) Investor Investigation Announced

  • If you purchased shares of Harmonic Inc (NASDAQ:HLIT), 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
Harmonic Inc.
Security
NASDAQ: HLIT

Summary

May 22, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Harmonic Inc (NASDAQ:HLIT) was announced over potential breaches of fiduciary duties by certain officers and directors at Harmonic Inc.

The investigation by a law firm concerns whether certain Harmonic Inc officers and directors breached their fiduciary duties.

Harmonic Inc reported that its annual Total Revenue rose from $377.03 million in 2015 to $405.91 million in 2016 and that its Net Loss increased from $15.66 million in2 105 to $72.31 million in 2016.

Shares of Harmonic Inc (NASDAQ:HLIT) grew from $2.62 per share in May 2016 to as high as $6.10 per ahare on March 6, 2017.

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