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ORBCOMM Inc (NASDAQ:ORBC) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of ORBCOMM Inc (NASDAQ:ORBC), 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
ORBCOMM Inc.
Security
NASDAQ: ORBC

Summary

May 24, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of ORBCOMM Inc (NASDAQ:ORBC) was announced over potential breaches of fiduciary duties by certain officers and directors at ORBCOMM Inc.

The investigation by a law firm concerns whether certain ORBCOMM Inc officers and directors breached their fiduciary duties.

ORBCOMM Inc reported that its annual Total Revenue rose from $74.21 millio in 2013 to $178.29 million in 2015 while its Net Income of $4.460 million in 2013 turned into a Net Loss of $13.25 million in 2015.

Shares of ORBCOMM Inc (NASDAQ:ORBC) grew from $3.62 per share in May 2013 to as high as $10.31 per share in April 2016.

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