Investigation announced for Investors in shares of New Relic, Inc. (NYSE: EWR)

An investigation was announced for investors in shares of New Relic, Inc. (NYSE: EWR) over potential breaches of fiduciary duties by certain directors at New Relic, Inc.

Investors who purchased shares of New Relic, Inc. (NYSE: EWR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain New Relic, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

San Francisco, CA based New Relic, Inc., a software-as-a-service company, provides various digital products worldwide. New Relic, Inc. reported that its Total Revenue rose from $355.05 million for the 12 months period that ended on March 31, 2018 to $479.22 million for the 12 months period that ended on March 31, 2019 and that its Net Loss declined from $45.32 million to $40.89 million over those time periods. On August 6, 2019, New Relic, Inc released its first quarter 2020 financial results, reporting GAAP loss from operations of $16.9 million, compared to $3.6 million for the first quarter of fiscal 2019.

Shares of New Relic, Inc. (NYSE: EWR) declined from $96.25 per share on August 1, 2019 to $50.00 per share on September 16, 2019.

Those who purchased shares of New Relic, Inc. (NYSE: EWR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.