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Intermolecular Inc (NASDAQ:IMI) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Intermolecular Inc (NASDAQ:IMI), 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
Intermolecular Inc
Security
NASDAQ: IMI

Summary

May 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Intermolecular Inc (NASDAQ:IMI) was announced over potential breaches of fiduciary duties by certain officers and directors at Intermolecular Inc.

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

Intermolecular Inc reported that its annual Total Revenue declined from $47.70 million in 2014 to $45.32 million in 2015 and that its Net Loss declined from $21.76 million in 2014 to $21.01 million in 2015.

Shares of Intermolecular Inc (NASDAQ:IMI) declined from $10.39 per share in March 2013 to as low as $1.61 per share in March 2015.

On May 11, 2016, NASDAQ:IMI shares closed at $2.00 per share.

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