An investigation for current long-term investors in shares of Greif, Inc. (NYSE:GEF) was announced over potential breaches of fiduciary duties by certain directors at Greif, Inc..
Investors who purchased shares of Greif, Inc. (NYSE:GEF 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 Greif directors breached their fiduciary duties.
Greif, Inc. reported that its Total Revenue declined from over $4.23 billion for the 12 months period that ended on October 31, 2014 to over $3.61 billion for the 12 months period that ended on October 31, 2015 and that its respective Net Income declined from $91.50 million to $71.90 million.
Shares of Greif, Inc. (NYSE:GEF) declined from as high as $55.65 per share in July 2014 to as low as $23.88 per share in February 2016.
On April 27, 2016, NYSE:GEF shares closed at $35.81 per share.
Those who purchased NYSE:GEF 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