ARC Document Solutions Inc (NYSE:ARC) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

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Company Name(s): 
ARC Document Solutions

February 23, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of ARC Document Solutions Inc (NYSE:ARC) shares was announced over potential breaches of fiduciary duties by certain officers and directors at ARC Document Solutions.

The investigation by a law firm concerns whether certain ARC Document Solutions Inc (NYSE:ARC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On February 25, 2014, ARC Document Solutions Inc announced its results for the fourth quarter and full year 2013. ARC Document Solutions Inc reported that its annual Total Revenue rose from $406.12 million in 2012 to $407.19 million in 2013 and that its respective Net Loss declined from $31.97 million to $15.32 million.

On May 6, 2014, ARC Document Solutions Inc reported its first quarter 2014 results. ARC Document Solutions Inc announced that its first quarter Revenue rose from $100 million in 2013 to $100.4 million in 2014 and that its respective Net income grew from $0.42 million in 2013 to $1.40 million in 2014.
On August 5, 2014, ARC Document Solutions Inc announced its second quarter 2014 results. ARC Document Solutions Inc said that its second quarter Revenue rose from $104.6 million in 2013 to $109.0 million in 2013 and that its respective Net Income increased from $0.7 million to $4.5 million.
On November 6, 2014, ARC Document Solutions Inc reported its third quarter 2014 results. ARC Document Solutions Inc said that its third quarter Net Revenue rose from $101.3 million in 2013 to $106.8 million in 2014 and that its third quarter Net Loss of $0.5 million in 2013 turned into a third quarter Net Income of $3.7 million.

Shares of ARC Document Solutions Inc (NYSE:ARC) grew from $2.13 per share in March 2013 to as high as $10.36 per share on November 3, 2014, respectively $10.25 per share in late December 2014.