Investigation Overview
April 28, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of American Water Works Company Inc (NYSE:AWK) concerning whether certain American Water Works officers and directors possibly breached their fiduciary duties in connection with certain statements was announced.
The investigation by a law firm concerns whether certain American Water Works Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
American Water Works Company Inc reported that its annual Total Revenue rose from over $2.55 billion in 2010 to over $2.9 billion in 2013 and that its Net Income increased from $255.07 million to $369.26 million. Shares of American Water Works Company Inc (NYSE:AWK) grew from $17.07 per share in May 2009 to as high as $46.23 per share on April 4, 2014,
On April 28, 2014, NYSE:AWK shares closed at $46.45 per share.