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Brown-Forman Corporation (NYSE:BF.B) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Brown-Forman Corporation (NYSE:BF.B), 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
Brown-Forman Corporation
Security
NYSE: BF.B

Summary

February 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Brown-Forman Corporation (NYSE:BF.B) was announced over potential breaches of fiduciary duties by certain directors at Brown-Forman.

The investigation by a law firm concerns whether certain Brown-Forman Corporation (NYSE:BF.B officers and directors breached their fiduciary duties.

Brown-Forman Corporation reported that its Total Revenue rose over $2.72 billion for the 12 months period that ended on April 30, 2012 to over $3.13 billion for the 12 months period that ended on April 30, 2015 and that its Net Income for those respective time periods increased from $513 million to $684 million.

Shares of Brown-Forman Corporation (NYSE:BF.B) rose from $62.05 per share in December 2012 to as high as $109.81 per share in August 2015.

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