An investigation on behalf of current long term investors in The Home Depot, Inc. (NYSE:HD) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:HD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 09/16/2014 -- An investigation on behalf of current long-term investors in shares of The Home Depot, Inc. (NYSE:HD) concerning potential breaches of fiduciary duties by certain directors and officers of The Home Depot, Inc. announced.
Investors who are current long term stockholders in The Home Depot, Inc. (NYSE:HD) shares, 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 Home Depot officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
The Home Depot, Inc. reported that its Total Revenue rose from over $70.39 billion for the 52 weeks period that ended on Jan. 29, 2012 to over $78.81 billion for the 52 weeks period that ended on Feb. 2, 2014 and that its respective Net Income increased from over $3.88 billion to over $5.38 billion.
Shares of The Home Depot, Inc. (NYSE:HD) grew from $28.74 per share in August 2010 to as high as $93.50 per share in late August 2014.
On September 2, 2014, an independent security expert disclosed on his online blog that The Home Depot, Inc.’s payment data systems may have been breached because multiple banks were seeing evidence that "a massive new batch of stolen credit and debit cards" went on sale that were linked to The Home Depot, Inc. stores.
On September 8, 2014, The Home Depot, Inc. confirmed that its payment data systems have been breached, which could potentially impact customers using payment cards at its U.S. and Canadian stores Shares of The Home Depot, Inc. (NYSE:HD) declined from $93.50 per share in late August 2014 to as low as $88.33 per share on September 10, 2014.
On September 12, 2014, NYSE:HD shares closed at $88.84 per share.
Those who purchased shares of The Home Depot, Inc. (NYSE:HD) 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