The Shareholders Foundation announces an investigation on behalf of current long-term investors in shares of Ally Financial Inc (NYSE:ALLY) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Ally Financial.
Investors who purchased shares of Ally Financial Inc (NYSE:ALLY) and currently hold any of those NYSE:ALLY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Ally Financial officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Ally Financial Inc reported that its Net Income declined from over $1.19 billion in 2012 to $361 million in 2013. Shares of Ally Financial Inc (NYSE:ALLY) declined from $25.21 per share in May 2014, respectively $24.95 per share in early September 2014, to as low as $19.42 per share on October 15, 2014.
Then on October 31, 2014, Ally Financial Inc disclosed that it recently received a document request from the SEC in connection with its investigation related to subprime automotive finance and related securitization activities.
On November 17, 2014, NYSE:ALLY shares closed at $23.47 per share.
Those who purchased shares of Ally Financial Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com