Investigation Overview
April 14, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Cincinnati Financial Corporation (NASDAQ:CINF) was announced over potential breaches of fiduciary duties by certain officers and directors at Cincinnati Financial.
The investigation by a law firm concerns whether certain Cincinnati Financial officers and directors breached their fiduciary duties.
Cincinnati Financial Corporation reported that its annual Total Revenue rose from over $4.11 billion in 2012 to over $5.14 billion in 2015 and that its Net Income increased from $421 million in 2012 to $634 million in 2015.
Shares of Cincinnati Financial Corporation (NASDAQ:CINF) grew from $46.81 per share in October 2014 to as high as $66.02 per share on April 1, 2016.
On April 14, 2016, NASDAQ:CINF shares closed at $65.80 per share.