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Rovi Corporation (NASDAQ:ROVI) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Rovi Corporation (NASDAQ:ROVI), 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
Rovi Corporation
Security
NASDAQ: ROVI

Summary

January 27, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Rovi Corporation (NASDAQ:ROVI) was announced over potential breaches of fiduciary duties by certain officers and directors at Rovi.

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

Rovi Corporation reported that its annual Total Revenue rose from $537.39 million in 2013 to $542.31 million in 2014 while its Net Loss increased from $172.09 million in 2013 to $69.74 million in 2014.

Shares of Rovi Corporation (NASDAQ:ROVI) declined from $24.88 per share in early 2015 to as low as $9.15 per share in October 2015. Since then NASDAQ:ROVI shares regained value and reached as high as $18.96 per share on January 21, 2016.

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