NEW YORK, Jan. 8, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating allegations for Xoom Corporation shareholders (NASDAQ: XOOM). Concerned XOOM investors who purchased between February 4, 2014 and January 5, 2015 are encouraged to contact securities attorney Hamilton Lindley by clicking here.
Xoom announced $30.8 million in fourth-quarter costs tied to a suspected criminal fraud and stated that their chief financial officer resigned. Xoom stated that the fraud involved employee impersonation and requests that led to the transfer of $30.8 million in corporate cash to overseas accounts. Xoom's shares dropped 6.2%, or $1.04, to $15.85 in premarket trading on Tuesday, January 6th. The law firm's potential shareholder lawsuit will seek to ensure that Xoom Corporation works to enrich shareholders, not just the management.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. XOOM stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions or concerns toll free at 844-702-2990 or visit http://www.dunnamlaw.com/XOOM.
SOURCE Dunnam & Dunnam