An investigation for shareholders of Concur Technologies, Inc. (NASDAQ:CNQR) over possible securities laws violations was announced and NASDAQ:CNQR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/07/2012 -- The Shareholders Foundation announces that an investigation on behalf of investors in shares of Concur Technologies, Inc. (NASDAQ:CNQR) was initiated over potential breaches of fiduciary duties by certain officers and directors at Concur Technologies in connection with the executive compensation practices.
Investors who purchased shares of Concur Technologies, Inc. (NASDAQ:CNQR), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses certain compensation and corporate governance matters involving certain of the Company's executive officers and directors.
NASDAQ CNQR stocks fell during 2011 from as high as $57 per share in April 2011 to as low as $34.50 on August 19, 2011.
Despite its decrease in Net Income the CEO’s total compensation rose from $2.63million in 2009 to $5.49million in 2010, the CFO’s pay rose from $1.92million in 2010 to $2.52million in 2011, and its COO’s total compensation increased from $2.18million in 2009 to $4.66million in 2011.
Those who purchased shares of Concur Technologies, Inc. (Public, NASDAQ:CNQR), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com