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MongoDB, Inc. (NASDAQ: MDB) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • Investors who purchased shares of MongoDB, Inc. (NASDAQ: MDB) and currently hold any of those shares have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
MongoDB, Inc.
Security

Summary

An investigation on behalf of investors in shares of MongoDB, Inc. (NASDAQ: MDB) was announced over potential breaches of fiduciary duties by certain officers and directors at MongoDB, Inc.

The investigation by a law firm concerns whether certain MongoDB officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

New York based MongoDB, Inc. operates as a general purpose database platform worldwide. MongoDB, Inc. reported that its annual Total Revenue rose from $101.35 million for the 12 motnhs period that ended on Janaury 31, 2017 to $154.51 million for the 12 months period that ended on Janaury 31, 2018 and that its Net Loss increased from $86.68 million to $96.35 million over those respective time periods.

Shares of MongoDB, Inc. (NASDAQ: MDB) reached as high as $59.53 per share on June 15, 2018.

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