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Iteris Inc (NASDAQ:ITI) Investor Investigation Concerning Possible Wrongdoing Announced

  • If you purchased shares of Iteris Inc (NASDAQ:ITI) and currently hold any of those NASDAQ:ITI shares, 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
Security

Summary

September 22, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Iteris Inc (NASDAQ:ITI) was announced over potential breaches of fiduciary duties by certain officers and directors at Iteris Inc.

The investigation by a law firm concerns whether certain Iteris Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.

Iteris Inc reported that its Total Revenue rose from $72.25 million for the 12 months period that ended on March 31, 2015 to $77.75 million for the 12 months period that ended on March 31, 2016 while its Net Loss for those respective time periods increased from $1.28 million to $12.54 million.

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