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Imation Corp. (NYSE:IMN) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Imation Corp. (NYSE:IMN), 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
Imation Corp.
Security
NYSE: IMN

Summary

December 14, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Imation Corp. (NYSE:IMN) was announced over potential breaches of fiduciary duties by certain officers and directors at Imation Corp.

The investigation by a law firm concerns whether certain Imation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Imation Corp. reported that its annual Total Revenue declined $860.80 million in 2013 to $729.50 million in 2014 and that its Net Loss increased from $44.40 million in 2013 to $114.70 million in 2014.

Shares of Imation Corp. (NYSE:IMN) declined from $6.40 per share in February 2014 to as low as $1.38 per share on December 7, 2015.

On December 11, 2015, NYSE:IMN shares closed at $1.40 per share.

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