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SeaChange International (NASDAQ:SEAC) Investor Investigation Annnounced

  • If you purchased shares of SeaChange International (NASDAQ:SEAC) and currently hold any of those NASDAQ:SEAC shares, 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
SeaChange International
Security
NASDAQ: SEAC

Summary

February 16, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of SeaChange International (NASDAQ:SEAC) was announced over potential breaches of fiduciary duties by certain officers and directors at SeaChange.

The investigation by a law firm concerns whether certain SeaChange International (NASDAQ:SEAC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

SeaChange International reported that its Total Revenue rose declined from $115.44 million for the 12 months period that ended on Jan. 31, 2015 to $106.99 million for the 12 months period that ended on Jan. 31, 2016 and that its Net loss increased from $27.48 million to $47.70 million over those respective time periods.

Shares of SeaChange International (NASDAQ:SEAC) declined from $14.84 per share in late 2013 to aslow as $2.28 per share in late December 2016.

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