Investigation Overview
May 05, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Hudson Global Inc (NASDAQ:HSON) was announced over potential breaches of fiduciary duties by certain officers and directors at Hudson Global.
The investigation by a law firm concerns whether certain Hudson Global Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Hudson Global Inc reported that its annual Total Revenue declined from $58.19 million in 2014 to $463.20 million in 2015 while its Net Loss of $13.19 million in 2014 turned into a Net Income of $2.33 million in 2015. Shares of Hudson Global Inc (NASDAQ:HSON) declined from $4.19 per share in late 2013 to as low as $2.10 per share in mid 2015.
On May 5, 2016, NASDAQ:HSON shares closed at $2.47 per share.