The Shareholders Foundation announced that an investigation on behalf of current long-term investors in shares of Steven Madden, Ltd. (NASDAQ:SHOO) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Steven Madden.
Investors who purchased shares of Steven Madden, Ltd. (NASDAQ:SHOO) 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 Steven Madden officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Steven Madden, Ltd. reported that its annual Total Revenue rose from over $1.31 billion in 2013 to over $1.33 billion in 2014 while its Net Income of $132.01 million in 2013 declined to $111.88 million in 2014. Shares of Steven Madden, Ltd. (NASDAQ:SHOO) grew from $28.87 per share in October 2014 to as high as $41.52 per share in April 2015.
On June 29, 2015, NASDAQ:SHOO shares closed at $41.95 per share.
Those who purchased shares of Steven Madden, Ltd. (NASDAQ:SHOO) 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