An investigation on behalf of current long-term investors in shares of Belden Inc. (NYSE: BDC) was announced over potential breaches of fiduciary duties by certain officers and directors at Belden Inc.


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

St. Louis, MO Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. Belden Inc. reported that its annual Total Revenue rose from over $2.35 billion in 2016 to over $2.38 billion in 2017 and that its Net Income declined from $128 million in 2016 to $93.21 million in 2017.

On December 3, 2018, Belden Inc. revealed that the Securities Exchange Commission ('SEC') is conducting an investigation concerning the material weakness reported in its form 10-k filing for the year ended December 31, 2017.

Shares of Belden Inc. (NYSE: BDC) declined to as low as $46.00 per share on December 10, 2018