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Pandora Media Inc (NYSE:P) Investor Investigation Concerning Possible Breaches Of Fiduciary Duties Annoucned

  • If you purchased shares of Pandora Media Inc (NYSE:P), 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
Pandora Media Inc
Security
NYSE: P

Summary

March 2, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Pandora Media Inc (NYSE:P) was announced over potential breaches of fiduciary duties by certain officers and directors at Pandora Media Inc.

The investigation by a law firm concerns whether certain Pandora Media directors breached their fiduciary duties and caused damage to the company and its shareholders.

Pandora Media Inc reported that its annual Total Revenue increased from $600.23 million in 2013 to over $1.16 billion in 2015 while its Net Loss increased from $27.02 million in 2013 to $169.66 million in 2015.

Shares of Pandora Media Inc (NYSE:P) declined from $37.42 per share in February 2014 to as low as $7.10 per share on February 12, 2016.

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