Investigation Overview
June 30, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of NuVasive, Inc. (NASDAQ:NUVA) was announced over potential breaches of fiduciary duties by certain officers and directors at NuVasive, Inc.
The investigation by a law firm concerns whether certain NuVasive, Inc. (NASDAQ:NUVA officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
NuVasive, Inc. reported that its annual Total Revenue rose from $762.41 million in 2014 to $811.11 million in 2015 and that its Net Loss of $16.72 million in 2014 turned intot a Net Income of $66.29 million in 2015.
Shares of NuVasive, Inc. (NASDAQ:NUVA) grew from $32.88 per share in April 2014 to as high as $59.96 per share on June 10, 2016.
On June 30, 2016, NASDAQ:NUVA shares closed at $59.27 per share.