Investigation Overview
An investigation on behalf of investors in shares of LivePerson, Inc. (NASDAQ: LPSN) was announced over potential breaches of fiduciary duties by certain officers and directors at LivePerson, Inc.
The investigation by a law firm concerns whether certain LivePerson officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based LivePerson, Inc. provides mobile and online business messaging solutions that power digital communication between brands and consumers. LivePerson, Inc. reported that its annual Total Revenue declined from $222.79 million in 2016 to $218.87 million in 2017 and that its net Loss declined from $25.87 million in 2016 to $18.19 million in 2017.
Shares of LivePerson, Inc. (NASDAQ: LPSN) grew from $3.74 per share in February 2016 to as high as $25.20 per share on August 2, 2018.