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Cardinal Financial Corporation (NASDAQ:CFNL) Investor Investigation Announced

  • If you purchased shares of Cardinal Financial Corporation (NASDAQ:CFNL), 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
Cardinal Financial Corporation
Security
NASDAQ: CFNL

Summary

April 28, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Cardinal Financial Corporation (NASDAQ:CFNL) was initiated concerning whether certain Cardinal Financial officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Cardinal Financial officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Cardinal Financial Corporation reported that its annual Net Income declined from $45.30 million in 2012 to $25.51 million in 2013. Shares of Cardinal Financial Corporation (NASDAQ:CFNL) grew from $10.44 per share in early 2012 to as high as $18.83 per share in early 2014.

On April 25, 2014, shares of Cardinal Financial Corporation closed at $17.01 per share.

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