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 firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/xoom-xoom.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.