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If you purchased shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA), you have certain options and you should contact the Shareholders Foundation, Inc.
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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
March 8, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) was announced over potential breaches of fiduciary duties by certain officers and directors at Motorcar Parts of America, Inc.
The investigation by a law firm concerns whether certain Motorcar Parts of America directors breached their fiduciary duties and caused damage to the company and its shareholders.
Motorcar Parts of America, Inc. reported that its Total Revenue rose from $258.67 million for the 12 months period that ended on March 31, 2014 to $301.71 million for the 12 months period that ended on March 31, 2015 while its Net Income for those respective time periods declined from $107.36 million to $11.45 million.
Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) reached as high as $40.06 per share in November 2015.
