Investigation Overview
February 18, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Chesapeake Utilities Corporation (NYSE:CPK) was announced over potential breaches of fiduciary duties by certain officers and directors at Chesapeake Utilities.
The investigation by a law firm concerns whether certain Chesapeake Utilities directors breached their fiduciary duties.
Chesapeake Utilities Corporation reported that its annual Total Revenue rose from $392.50 million in 2012 to $498.93 million in 2014 and that its Net Income increased from $28.86 million in 2012 to $36.09 million in 2014.
Shares of Chesapeake Utilities Corporation (NYSE:CPK ) grew from $42.13 per share in October 2014 to as high as $67.36 per share on February 9, 2016.