NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating Xoom Corporation (NasdaqGS:XOOM) in connection with possible breaches of federal securities laws by the Board of Directors of the Company.
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On January 5, 2015, the Company announced that it had been the victim of a criminal fraud in which an employee impersonation and fraudulent requests targeting its finance department resulted in the transfer of more than $30 million in corporate cash to overseas accounts. The Company further noted that CFO Matt Hibbard resigned effective immediately.
If you own common stock in Xoom Corporation and wish to obtain additional information about the investigation, please contact Eduard Korsinsky, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/xoom-xoom.
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