The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Eastern Co (NASDAQ:EML) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Eastern Company.
Investors who purchased shares of Eastern Co (NASDAQ:EML) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Eastern Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Eastern Company reported that its Total Revenue declined from $142.46 million for the 52 weeks period that ended on Dec. 28, 2013 to $140.83 million for the 53 weeks period that ended on Jan 3, 2015 and that its respective Net Income increased from $6.90 million to $7.66 million. Shares of Eastern Co (NASDAQ:EML) grew from $15.48 per share in June 2014 to as high as $20.57 per share in April 2015.
On May 22, 2015, NASDAQ:EML shares closed at $19.24 per share.
Those who purchased shares of Eastern Co (NASDAQ:EML), 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