An investigation for investors in NYSE:MHFI shares was announced over potential breaches of fiduciary duties by certain directors at McGraw Hill Financial.
Shares of McGraw Hill Financial Inc (NYSE:MHFI) declined from over $108 per share in March 2015 to as low as $78.55 per share on February 3, 2016.
Investors who purchased shares of McGraw Hill Financial Inc (NYSE:MHFI) and currently hold any of those NYSE:MHFI 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 McGraw Hill Financial McGraw Hill owns the credit-rating agency Standard & Poor’s, which the government accused of defrauding investors by misrepresenting its ratings as objective. In 2013 U.S. government alleged in Federal Court that Standard & Poor’s inflated its ratings of mortgage-backed securities, ignoring the inherent credit risks that brought the financial sector to its knees in 2008. Standard & Poor’s paid $1.375 billion to settle the Justice Department’s lawsuit, $58 million to the Securities and Exchange Commission, and $19 million to settle various state lawsuits.
On February 12, 2016, NYSE:MHFI shares closed at $85.52 per share.
Those who purchased shares of McGraw Hill Financial Inc (NYSE:MHFI), 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
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