The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Commercial Metals Company (NYSE:CMC) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Commercial Metals.
Investors who purchased shares of Commercial Metals Company (NYSE:CMC) and currently hold any of those NYSE:CMC 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 Commercial Metals officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Commercial Metals Company reported that its Total Revenue declined from over $7.65 billion for the 12 months period that ended on August 31, 2012 to over $6.88 billion for the 12 months period that ended on August 31, 2013 and that its Net Income for those respective time periods declined from $210.54 million to $77.31 million.
Shares of Commercial Metals Company (NYSE:CMC) declined from $20.58 per share in January 2014 to as low as $14.21 per share on October 15, 2014.
On November 3, 2014, NYSE:CMC shares closed at $16.74 per share.
Those who purchased shares of Commercial Metals Company (NYSE:CMC) 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