Investigation Overview
November 9, 2016 (Shareholders Foundation) - An investigation on behalf of investors in shares of United Therapeutics Corporation (NASDAQ:UTHR) was announced over potential breaches of fiduciary duties by certain officers and directors at United Therapeutics.
The investigation by a law firm concerns whether certain United Therapeutics officers and directors breached their fiduciary duties.
United Therapeutics Corporation reported that its annual Total Revenue rose from over $1.28 billion in 2014 to over $1.46 billion in 2015 and that its Net Income increased from $340.07 million in 2014 to $651.64 million in 2015.
Shares of United Therapeutics Corporation (NASDAQ:UTHR) declined from as high as $188.15 per share in June 2015 to as low as $98.33 per share in June 27, 2016.
On November 9, 2016, NASDAQ:UTHR shares closed at $129.98 per share.