Investigation Overview
August 18, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Kratos Defense & Security Solutions.
The investigation by a law firm concerns whether certain Kratos Defense & Security Solutions officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Kratos Defense & Security Solutions, Inc reported that Total Revenue declined from $950.60 million in 2013 to $868 million in 2014 and that its Net Loss increased from $31.90 million to $78.00 million.
Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) declined from $8.80 per share in 2014 to as low as $4.17 per share on August 17, 2015.