Investigation Overview
July 28, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of ACCO Brands Corporation (NYSE:ACCO) shares was announced over potential breaches of fiduciary duties by certain officers and directors at ACCO Brands.
The investigation by a law firm concerns whether certain ACCO Brands officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Lake Zurich, IL based ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products and select computer and electronic accessories.
Shares of ACCO Brands Corporation (NYSE:ACCO) grew from $5.74 per share in early 2014 to as high as $9.40 per share in late 2014.
ACCO Brands Corporation reported that its annual Total Revenue declined from over $1.75 billion in 2013 to over $1.68 billion in 2014 while its Net Income increased from $77.10 million to $91.60 million in 2014.
Shares of ACCO Brands Corporation (NYSE:ACCO) declined from $9.40 per share in December 2014 to as low as $6.91 per share on July 27, 2015.