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NII Holdings, Inc. (NASDAQ: NIHD) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of NII Holdings, Inc. (NASDAQ: NIHD), you have certain options and you 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
NII Holdings Inc
Security
NASDAQ: NIHD

Summary

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

The investigation by a law firm concerns whether certain NII Holdings, Inc. (NASDAQ: NIHD officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Reston, VA based NII Holdings, Inc., through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. NII Holdings, Inc. reported that its annual Total Revenue declined from $985.04 million in 2016 to $869.76 million in 2017 and that its Net Loss declined from over $1.53 billion in 2016 to $351.66 million in 2017.

Shares of NII Holdings, Inc. (NASDAQ: NIHD) declined from $9.78 per share in September 2015 to as low as $0.23 per share in late 2017.

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