An investigation on behalf of current long-term investors in shares of Aecom (NYSE:ACM) was announced over potential breaches of fiduciary duties by certain officers and directors at Aecom.
Investors who purchased shares of Aecom (NYSE:ACM) and currently hold any of those Aecom (NYSE:ACM 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 Aecom (NYSE:ACM officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Aecom reported that its Total Revenue rose from over $8.35 billion for the 12 months period that ended on Sept. 30, 2014 to over $17.98 billion for the 12 months period that ended on Sept. 30, 2015 and that its Net Inceom of $229.85 million for the 12 months period that ended on Sept. 30, 2014 declined to a Net Loss of $154.84 million for the 12 months period that ended on Sept. 30, 2015.
On August 16, 2016, an article was published about AECOM stating, “after a careful forensic financial and accounting analysis of AECOM’s recent financial results and condition, we believe that AECOM’s stock is worth approximately 33% – 45% less than its current price.” The Report also noted that there are “material weaknesses of internal controls over financial reporting associated with [the Company’s] acquisition of URS [Corp.]” and AECOM management’s “misaligned incentive structure,” pursuant to which the Company’s “CEO’s $18 million compensation in 2015 [was] heavily tied to its aggressive interpretation of its Free Cash Flow per share.”
Shares of Aecom (NYSE:ACM) closed on August 30, 2016, at $31.84 per share.
Those who purchased NYSE:ACM shares 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
the info above is BOGUS and an Form 8-K filing to refute the report is going