An investigation on behalf of investors in Domo, Inc. (NASDAQ: DOMO) shares over potential wrongdoing at Domo, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/19/2019 -- An investigation was announced for investors in shares of Domo, Inc. (NASDAQ: DOMO) concerning potential breaches of fiduciary duties by certain directors at Domo, Inc.
Investors who purchased shares of Domo, Inc. (NASDAQ: DOMO) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Domo, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
American Fork, UT based Domo, Inc. operates a cloud-based platform in the United States. Domo, Inc. reported that its total Revenue rose from $74.54 million for the 12 months period that ended on January 31, 2017 to $108.52 million for the 12 months period that ended on January 31, 2018, and that Net Loss over those respective time periods declined from $183.12 million to $176.56 million. On or about June 29, 2018, Domo, Inc sold 9.2 million shares of stock in its initial public stock offering (the "IPO"), at $21 a share raising $193,200,000 in new capital. Since the IPO, Domo, Inc stock has plunged and declined to as low as $13.28 per share in late November 2018.
Those who purchased shares of Domo, Inc. (NASDAQ: DOMO) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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