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Adobe Systems Incorporated (NASDAQ:ADBE) Investor Investigation Over Potential Wrongdoing Announced

  • If you purchased shares of Adobe Systems Incorporated (NASDAQ:ADBE) in 2006 or earlier and currently hold any of those NASDAQ:ADBE shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Adobe Systems Incorporated
Security
NASDAQ: ADBE

Summary

April 11, 2014 (Shareholders Foundation) - An investigation on behalf of investors in Adobe Systems Incorporated (NASDAQ:ADBE) shares over potential breaches of fiduciary duties by certain officers and directors at Adobe Systems was announced.

The investigation by a law firm concerns whether certain Adobe Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Adobe Systems Incorporated reported that its Total Revenue declined from over $4.21 billion for the 52 weeks period that ended on Dec. 2, 2011 to over $4.05 billion for the 52 weeks period that ended on Nov. 29, 2013 and that its respective Net Income declined from $832.85 million to $289.99 million.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) grew from $22.69 per share in August 2011 to as high as $69.92 per share in February 2014.

On April 11, 2014, NASDAQ:ADBE shares closed at $60.50 per share.

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