Digital Turbine Inc (NASDAQ:APPS) Investor Investigation Over Potential Wrongdoing Announced

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Company Name(s): 
Digital Turbine
Affected Securities: 

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

The investigation by a law firm concerns whether certain Digital Turbine officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Digital Turbine Inc (NASDAQ:APPS) reported that its Total Revenue rose from $3.85 million for the 12 months period that ended on March 31, 2013 to $24.40 million for the 12 months period that ended on March 31, 2013. However, over the same time period Digital Turbine’s Net Loss increased from $14.16 million to $18.70 million.

Shares of Digital Turbine Inc (NASDAQ:APPS) declined from $5.89 per share in September 2014 to as low as $2.79 per share in late January 2015.