Investigation Overview
June 15, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Caterpillar Inc. (NYSE:CAT) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Caterpillar Inc.
The investigation by a law firm concerns whether certain Caterpillar officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Caterpillar Inc. reported that its annual Total Revenue declined from over $65.87 billion in 2012 to over $55.18 billion in 2014 and that its respective Net Income declined from over $5.68 billion to over $3.69 billion. Shares of Caterpillar Inc. (NYSE:CAT) declined from over $111 per share in July 2014 to as low as $78.25 per share in March 2015.