An investigation for investors in NYSE:GCO) shares was announced over potential breaches of fiduciary duties by certain directors at Genesco Inc.
Investors who purchased shares of Genesco Inc. (NYSE:GCO) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Genesco directors breached their fiduciary duties and caused damage to the company and its shareholders.
Genesco Inc. reported that its Total Revenue rose from over $2.85 billion for the 52 weeks period that ended on January 31, 2015 to over $3.02 billion for the 52 weeks period that ended on 52 weeks period that ended on January 30, 2016 while its Net Income declined from $99.37 million to $95.38 million.
On September 1, 2016, Genesco Inc. announced its second quarter results and lowered its earnings forecast. Shares of Genesco Inc. (NYSE:GCO) dropped from $73.17 per share on August 31, 2016 to as low as $48.02 per share on September 2, 2016.
Those who purchased NYSE:GCO shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego