Investigation Overview
January 29, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Amphenol Corporation (NYSE:APH) was announced over potential breaches of fiduciary duties by certain officers and directors at Amphenol.
The investigation by a law firm concerns whether certain Amphenol officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Amphenol Corporation reported that its annual Total Revenue rose from over $.29 billion in 2012 to over $5.56 billion in 2015 and that its respective Net Income increased from $555.32 million to $763.50 million.
Shares of (NYSE:APH) declined from $60.05 per share in March 2015 to as low as $44.50 per share on January 20, 2016.
On January 29, 2016, NYSE:APH shares closed at $49.57 per share.