San Diego, CA — (PRESS RELEASE JET) — 10/31/2017 — An investigation was announce for investors in shares of Viavi Solutions Inc concerning potential breaches of fiduciary duties by certain directors at Viavi Solutions Inc.
The investigation by a law firm concerns whether certain Viavi Solutions directors breached their fiduciary duties.
Viavi Solutions Inc (NASDAQ:VIAV) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. Viavi Solutions Inc reported that its Total Revenue declined from $906.30 million for the 53 weeks period that ended on July 2, 2016 to $811.40 million for the 52 weeks period that ended on July 1, 2017 and that its Net Loss of $50.40 million turned into a Net Income of $165.30 million. Shares of Viavi Solutions Inc (NASDAQ:VIAV) declined from $11.66 per share in May 2017 to as low as $9.14 per share in September 2017.
Those who purchased shares of Viavi Solutions Inc (NASDAQ:VIAV), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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