Fuse Medical Inc (OTCMKTS:FZMD) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

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Company Name(s): 
Fuse Medical
Affected Securities: 

An investigation on behalf of investors in shares of Fuse Medical Inc (OTCMKTS:FZMD) was announced over potential breaches of fiduciary duties by certain officers and directors at Fuse Medical Inc.

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

Richardson, TX based Fuse Medical, Inc., formerly Golf Rounds.com, Inc., is engaged in marketing, distributing and selling internal fixation, bone materials, biologics, tissues, surgical and other related surgical products. Fuse Medical Inc reported that its annual Total Revenue declined from $1.68 million in 2015 to $0.57 million in 2016 and that its Net Loss declined from $0.8 million in 2015 to $0.59 million in 2016.

Shares of Fuse Medical Inc (OTCMKTS:FZMD) declined from $3.21 per share in October 2017 to $1.30 per share on January 8, 2017.