Investigation Overview
August 30, 2013 (Shareholders Foundation) - An investigation on behalf of investors who purchased shares of Casella Waste Systems Inc. (NASDAQ:CWST) was announced concerning whether certain Casella Waste Systems officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Casella Waste Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Casella Waste Systems Inc. (NASDAQ:CWST) reported that its Total Revenue declined from $467.95 million for the 12 months period that ended on April 30, 2012 to $455.33 million for the 12 months period that ended on April 30, 2013 and that its respective Net loss declined from $77.59 million to $49.66 million.
Shares of Casella Waste Systems Inc. (NASDAQ:CWST) declined from $7.85 per share in February 2011 to as $3.98 per share in May 2013.
On August 28, 2013, NASDAQ:CWST shares closed at $4.94 per share.