If you purchased shares Broadcom Corporation (NASDAQ:BRCM)
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Broadcom Corporation (NASDAQ:BRCM)
Specifically, the investigation concerns whether certain statements concerning Broadcom’s business, its prospects and its operations were potentially materially false and misleading at the time they were made and whether certain officers and directors breached their fiduciary duties to Broadcom Corporation (NASDAQ:BRCM)
Broadcom reported that is annual Revenue rose from $4.65billion in 2008 to $7.38billion in 2011 and that its Net Income increased from $214.79million for 2008 to $927million in 2011. However Broadcom’s Net income fell from $1.08billion in 2010 to $927 in 2011.
Additionally, despite that NASD:BRCM shares rose from as low as $14.09 in November 2008 to as high as $47.34 per share in January 2011, Broadcom shares since then fell to under $30 towards the end of 2011 and traded recently at slight above $36 per share.
Those who purchased shares Broadcom Corporation (NASDAQ:BRCM)
# # #
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. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.