April 4, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Sigma Designs Inc (NASDAQ:SIGM) shares over potential securities laws violations 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 Sigma Designs Inc (NASDAQ:SIGM) concerning whether a series of statements regarding Sigma Designs business, its prospects and its operations were materially false and misleading at the time they were made.

On March 23, 2016, Sigma Designs Inc reported its fourth quarter and fiscal year 2016 financial results. Sigma Designs Inc reported that its Total Revenue increased from $188.31 million for the 12 months period that ended on January 31, 2015 to $227.25 million for the 12 months period that ended on January 30, 2016 and that its Net Loss of $21.7 million for the 12 months period that ended on January 31, 2015 turned into a Net Income of $0.16 million for the 12 months period that ended on January 30, 2016.

Shares of Sigma Designs Inc (NASDAQ:SIGM) declined to as low as $6.13 per share on March 28, 2016.