The Shareholders Foundation announces that an investigation on behalf of investors in Adobe Systems Incorporated (NASDAQ:ADBE) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Adobe Systems.
Investors who purchased shares of Adobe Systems Incorporated (NASDAQ:ADBE) in 2006 or earlier and currently hold any of those NASDAQ:ADBE shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Adobe Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Adobe Systems Incorporated reported that its Total Revenue declined from over $4.21 billion for the 52 weeks period that ended on Dec. 2, 2011 to over $4.05 billion for the 52 weeks period that ended on Nov. 29, 2013 and that its respective Net Income declined from $832.85 million to $289.99 million.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) grew from $22.69 per share in August 2011 to as high as $69.92 per share in February 2014.
On April 21, 2014, NASDAQ:ADBE shares closed at $64.30 per share.
Those who purchased shares of Adobe Systems Incorporated have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com