The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Meritor Inc (NYSE:MTOR) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Meritor.
Investors who purchased shares of Meritor Inc (NYSE:MTOR) and currently hold any of those Meritor Inc (NYSE:MTOR 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 Meritor officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Meritor Inc reported that its Total Revenue rose from over $3.67 billion for the 12 months period that ended on Sept. 30 2013 to over $3.76 billion for the 12 months period that ended on Sept. 30 2014 and that its net Loss of $22.00 million for the 12 months period that ended on Sept. 30 2013 turned into a Net Income of $249 million for the 12 months period that ended on Sept. 30 2014. Shares of Meritor Inc (NYSE:MTOR) grew from $4.27 per share in March 2013 to as high as $15.46 per share on December 31, 2014.
On January 6, 2015 NYSE:MTOR shares closed at $14.95 per share.
Those who purchased shares of Meritor Inc (NYSE:MTOR), 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