The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Joy Global Inc. (NYSE:JOY) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Joy Global Inc.
Investors who purchased shares of Joy Global Inc. (NYSE:JOY) and currently hold any of those NYSE:JOY shares have certain options and should contact the Shareholders Foundation, Inc. at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Joy Global officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Joy Global Inc. reported that its Total Revenue declined from over $5.66 billion for the 52 weeks period that ended on Oct. 26, 2012 to over $5.01 billion for the 52 weeks period that ended on Oct. 25, 2013 and that its Net Income for those respective time periods declined from $762.02 million to $533.71 million. Shares of Joy Global Inc. (NYSE:JOY) traded in 2011 as high as $100.95 per share.
Since then NYSE:JOY shares lost substantial value. On October 15, 2014, NYSE:JOY shares declined to as low as $48.99 per share.
On November 4, 2014, NYSE:JOY shares closed at $51.99 per share.
Those who purchased shares of Joy Global Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego