Investigation Overview
An investigation on behalf of investors in shares of NeoGenomics, Inc. (NASDAQ:NEO) was announced over potential breaches of fiduciary duties by certain officers and directors at NeoGenomics, Inc.
The investigation by a law firm concerns whether certain NeoGenomics, Inc. (NASDAQ:NEO officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Fort Myers, FL based NeoGenomics, Inc. is an operator of a network of cancer-focused genetic testing laboratories. NeoGenomics, Inc. reported that its annual Total Revenue rose from $244.08 million in 2016 to $258.61 million in 2017 and that its Net Loss declined from $5.72 million in 2016 to $0.85 million in 2017.
Shares of NeoGenomics, Inc. (NASDAQ:NEO) increased from $3.88 per share in January 2015 to as high as $11.13 per share in September 2017.
On March 9, 2017, NASDAQ:NEO shares closed at $8.71 per share.