The Shareholders Foundation announces that an investigation on behalf of investors of Casey’s General Stores Inc (NASDAQ:CASY) shares was initiated concerning potential securities laws violations by Casey’s General Stores.
Investors who purchased shares of Casey’s General Stores Inc (NASDAQ:CASY) 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 focuses on possible claims on behalf of purchasers of the securities of Casey’s General Stores Inc (NASDAQ:CASY) concerning whether a series of statements by Casey’s General Stores regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Casey’s General Stores Inc reported that its Total Revenue rose from over $7.25 billion for the 12 months period that ended on April 30, 2013 to over $7.84 billion for the 12 months period that ended on April 30, 2014 and that its respective Net Income increased from $110.62 million to $134.51 million.
On September 8, 2014, Casey’s General Stores Inc reported its first quarter results for the first quarter of its fiscal 2015 ended on July 31, 2014. Casey’s General Stores Inc reported that its first quarter Revenue rose from over $2.11 billion for the three months that ended on July 31, 2013 to over $2.29 billion for the three months that ended on July 31, 2014.
Shares of Casey’s General Stores Inc (NASDAQ:CASY) grew from $49.27 per share in November 2012 to as high as $88.66 per share on November 24, 2014.
Then on November 24, 2014, Casey’s General Stores Inc announced that it will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to an inadvertent accounting and reporting error that occurred during these periods. Shares of Casey’s General Stores Inc (NASDAQ:CASY) declined to as low as $79.20 per share on November 25, 2014.
On December 8, 2014, NASDAQ:CASY shares closed at $82.88 per share.
Those who purchased shares of Casey’s General Stores Inc (NASDAQ:CASY) 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