Investigation Overview
An investigation was announced for investors in shares of LivePerson, Inc. (NASDAQ:LPSN) was announced over potential breaches of fiduciary duties by certain officers and directors.
The investigation by a law firm concerns whether certain LivePerson, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based LivePerson, Inc. is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. LivePerson, Inc. reported that its annual Total Revenue declined from $222.78 million in 2016 to $218.88 million in 2017 and that its Net Loss decreased from $25.87 million in 2016 to $20.69 million in 2017.
Shares of LivePerson, Inc. (NASDAQ:LPSN) grew from $6.60 per share in March 2017 to as high as $15.65 per share on March 8, 2018.