An investigation on behalf of investors in NASDAQ:PLCM shares over potential wrongdoing at Polycom Inc was announced and NASDAQ:PLCM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/21/2015 -- An investigation on behalf of current long-term investors in shares of Polycom Inc (NASDAQ:PLCM) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Polycom.
Investors who purchased shares of Polycom Inc (NASDAQ:PLCM) shares 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 Polycom officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On July 23, 2013, Polycom Inc reported its financial results for the second quarter ended June 30, 2013. Among other things, Polycom Inc also announced the appointment of Kevin Parker as Interim Chief Executive Officer. Polycom Inc said that Mr. Parker replaces Andrew Miller who resigned as Chief Executive Officer, President and a member of the Board of Directors on July 19, 2013, after the Audit Committee of the Board of Directors found certain irregularities in Mr. Miller's expense submissions, for which Mr. Miller accepted responsibility.
On January 16, 2015, NASDAQ:PLCM shares closed at $12.69 per share.
Those who purchased shares of Polycom Inc 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