Investigation Overview
February 17, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of LinkedIn Corp (NYSE:LNKD) was announced over potential breaches of fiduciary duties by certain officers and directors at LinkedIn Corp.
The investigation by a law firm concerns whether certain LinkedIn Corp (NYSE:LNKD officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 4, 2016, LinkedIn Corp (NYSE:LNKD announced its fourth quarter and full year 2015 results and provided its business outlook for its first quarter and full year 2016.
LinkedIn Corp reported that its annual Total Revenue rose from over $2.21 billion in 2014 to over $2.99 billion in 2015, while its Net Loss increased from $15.75 million in 2014 to $166.14 million in 2015.
Shares of LinkedIn Corp (NYSE:LNKD) declined from $25.287 per share in November 2015 to as low as $98.25 per share on February 10, 2016.