An investigation on behalf of investors in HSN, Inc. (NASDAQ:HSNI) shares over potential wrongdoing at HSN, Inc. was announced and NASDAQ:HSNI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/11/2015 -- An investigation on behalf of current long-term investors in shares of HSN, Inc. (NASDAQ:HSNI) shares was announced over potential breaches of fiduciary duties by certain officers and directors at HSN, Inc.
Investors who purchased shares of HSN, Inc. (NASDAQ:HSNI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain HSN officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
HSN, Inc. reported that its annual Total Revenue rose from over $3.4 billion in 2013 to over $3.58 billion in 2014 and that its respective Net Income declined from $178.45 million to $172.98 million.
Shares of HSN, Inc. (NASDAQ:HSNI) grew from $52.02 per share in November 2013 to as high as $77.44 per share in late January 2015.
Shares of HSN, Inc. (NASDAQ:HSNI) declined from $77.96 per share on February 4, 2015, to as low as $64.75 per share on February 5, 2015.
On March 9, 2015, NASDAQ:HSNI shares closed at $66.18 per share.
Those who purchased shares of HSN, Inc. (NASDAQ:HSNI), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com