July 25, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Polycom Inc (NASDAQ:PLCM) shares over potential securities laws violations by Polycom Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Polycom Inc (NASDAQ:PLCM) concerning whether a series of statements by Polycom Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Polycom Inc reported that its annual Total Revenue declined from over $1.4 billion in 2011 to $1.39 billion in 2012 and that its respective Net Income declined from $135.81 million to $9.76 million.

Shares of Polycom Inc (NASDAQ:PLCM) declined from $21.79 per share in February 2012 to a $9.12 per share in February 2013.

On July 23, 2013, Polycom Inc reported its financial results for the second quarter ended June 30, 2013. Among other things, Polycom Inc also announced the appointment of Kevin Parker as Interim Chief Executive Officer.

Polycom Inc said that Mr. Parker replaces Andrew Miller who resigned as Chief Executive Officer, President and a member of the Board of Directors on July 19, 2013, after the Audit Committee of the Board of Directors found certain irregularities in Mr. Millers expense submissions, for which Mr. Miller accepted responsibility.

Shares of Polycom Inc (NASDAQ:PLCM) declined from $11.70 per share in Monday 22, 2013, to $9.385 per share in July 24, 2013.