Investigation Overview
March 24, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Monster Worldwide, Inc. (NYSE:MWW) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Monster Worldwide.
The investigation by a law firm concerns whether certain Monster Worldwide officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Monster Worldwide, Inc. reported that its annual Total Revenue declined from $807.58 million in 2013 to $770.01 million in 2014 and that its respective Net Loss increased from $0.48 million to $289.29 million. Shares of Monster Worldwide, Inc. (NYSE:MWW) declined from $8.32 per share in March 2014 to as low as $3.65 per share in November 2014, respectively, $4.13 per share in late January 2015.