Investigation Overview
September 22, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) was announced over potential breaches of fiduciary duties by certain officers and directors at A-Mark Precious Metals.
The investigation by a law firm concerns whether certain A-Mark Precious Metals officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
A-Mark Precious Metals Inc reported that its Total Revenue rose from over $5.97 billion for the 12 months period that ended on June 30, 2014 to over $6.07 billion for the 12 months period that ended on June 30, 2015 while its Net Income declined from $8.26 million to $7.05 million.
Shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) declined from as high as $1.76 per share in May 2016 to as low as $14.56 per share in June 2016.