The Shareholders Foundation announces that an investigation on behalf of current long-term investors in Google Inc (NASDAQ:GOOGL) shares was initiated concerning possible breaches of fiduciary duties by certain directors of Google Inc
Investors who purchased shares of Google Inc (NASDAQ:GOOGL) and currently hold any of those NASDAQ:GOOGL shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Google officers and directors breached their fiduciary duties and caused damage to the company and its shareholders in connection with the proposed $325 million settlement over alleged antitrust violations.
Recently a proposed $325 million settlement was rejected in a lawsuit over alleged antitrust violations by certain companies, including Google. The lawsuit alleged that those companies, including Google, colluding to not hire each other’s highly skilled employees.
Google and other companies were already targets of a Justice Department antitrust lawsuit in 2010, in which the government contended that their “no solicitation” agreements prevented highly skilled employees from commanding better wages and job opportunities.
Google Inc reported that it annual Total Revenue rose from over $29.32 billion in 2010 to over $59.82 billion in 2013 and its Net Income increased from over $8.5 billion in 2010 to over $12.92 billion in 2013. Shares of Google Inc (NASDAQ:GOOGL) grew from $218.49 per share in July 2010 to as high as $610.70 per share in February 2014.
On November 3, 2014, NASDAQ:GOOGL shares closed at $
Those who purchased shares of Google Inc have certain options and should contact the Shareholders Foundation.
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