The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of A Schulman Inc (NASDAQ:SHLM) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Schulman A.
Investors who purchased shares of Schulman A Inc (NASDAQ:SHLM) 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 A. Schulman Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Shares of Schulman A Inc (NASDAQ:SHLM) grew from $18.21 per share on June 2012 to as high as $41.97 per share in July 2014.
Since then NASDAQ:SHLM shares declined significantly. In fact, on October 15, 2014 shares of Schulman A Inc (NASDAQ:SHLM) declined to under $30 per share.
On October 22, 2014, A. Schulman Inc reported its fiscal 2014 fourth-quarter and full year results. Schulman A Inc reported that its Total Revenue rose from over $2.13 billion for the 12 months period that ended on August 31, 2013 to over $2.44 billion for the 12 months period that ended on August 31, 2014 and that its respective Net Income increased from $26.10 million to $56.19 million.
On January 13, 2015, NASDAQ:SHLM shares closed at $33.94 per share.
Those who purchased shares of Schulman A Inc (NASDAQ:SHLM), 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