January 20, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Polycom Inc (NASDAQ:PLCM) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Polycom.

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

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.