Investigation Overview
An investigation on behalf of investors in shares of Caseys General Stores, Inc. (NASDAQ: CASY) was announced over potential breaches of fiduciary duties by certain officers and directors at Caseys General Stores, Inc. .
The investigation by a law firm concerns whether certain Caseys General Stores, Inc. (NASDAQ: CASY officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Ankeny, IA based Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Casey's General Stores, Inc. reported that its Total Revenue rose from over $6.64 million for the 12 months period that ended on April 30, 2017 to over $7.47 billion for 12 months period that ended on April 30, 2018, and its Net Income over those time periods increased from $177.48 million to $317.90 million.
Shares of Casey's General Stores, Inc. (NASDAQ: CASY) declined from $128.51 per share in January 2018 to as low as $95.18 per share in May 2018.