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If you purchased shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) and currently hold any of those NASDAQ:HMHC shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
June 8, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) was announced over potential breaches of fiduciary duties by certain officers and directors at Houghton Mifflin Harcourt.
The investigation by a law firm concerns whether certain Houghton Mifflin Harcourt Co officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houghton Mifflin Harcourt Co reported that its annual Total Revenue rose from over $1.37 billion in 2014 to over $1.41 billion in 2015 while its respective Net Loss increased from $111.49 million to $133.87 million.
Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) declined from $26.71 per share in June 2015 to as low as $16.00 per share in February 2016.
On June 8, 2016, NASDAQ:HMHC shares closed at $17.51 per share.
