Investigation Overview
September 4, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Neurometrix Inc (NASDAQ:NURO) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Neurometrix.
The investigation by a law firm concerns whether certain Neurometrix officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Neurometrix Inc reported that its annual Total Revenue rose from $5.28 million in 2013 to $5.51 million in 2014 and that its respective Net Loss declined from $8.02 million to $7.77 million.
Shares of Neurometrix Inc (NASDAQ:NURO) declined from $3.00 per share in late December 2013 to as low as $0.71 per share on July 24, 2015.