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Ally Financial Inc (NYSE:ALLY) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Ally Financial Inc (NYSE:ALLY) and currently hold any of those NYSE:ALLY 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
Ally Financial Inc
Security
NYSE: ALLY

Summary

November 07, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Ally Financial Inc (NYSE:ALLY) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Ally Financial.

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

Ally Financial Inc reported that its Net Income declined from over $1.19 billion in 2012 to $361 million in 2013.

Shares of Ally Financial Inc (NYSE:ALLY) declined from $25.21 per hsare in May 2014, respectively $24.95 per share in early September 2014, to as low as $19.42 per share on OPctober 15, 2014.

Then on October 31, 2014, Ally Financial Inc disclosed that it recently received a document request from the SEC in connection with its investigation related to subprime automotive finance and related securitization activities.

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