Investigation Overview
April 19, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of ImmuCell Corporation (NASDAQ:ICCC) was announced over potential breaches of fiduciary duties by certain officers and directors at ImmuCell Corporation.
The investigation by a law firm concerns whether certain ImmuCell officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
ImmuCell Corporation reported that its annual Total Revenue declined from $10.23 million in 2015 to $9.54 million in 2016.
Shares of ImmuCell Corporation (NASDAQ:ICCC) declined from $11.00 per share in July 2015 to as low as $4.90 per share in November 2016.
On April 19, 2017, NASDAQ:ICCC shares closed at $5.32 per share.