An investigation on behalf of current long-term investors in shares of HarborOne Bancorp, Inc. (NASDAQ: HONE) was announced over potential breaches of fiduciary duties by certain officers and directors at HarborOne Bancorp, Inc. (NASDAQ: HONE.
The investigation by a law firm concerns whether certain HarborOne Bancorp, Inc. (NASDAQ: HONE officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Boston, MA based HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and middle-market businesses, and municipalities throughout Southeastern New England. HarborOne Bancorp, Inc. reported that its annual Total Revenue rose from $123.92 million in 2016 to $125.26 million in 2017 and that its Net Income grew from $5.93 million in 2016 to $10.37 million in 2017.
Shares of HarborOne Bancorp, Inc. (NASDAQ: HONE) declined $22.25 per share in June 2017 to $15.92 per share in September 2017.