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Cna Financial Corp (NYSE:CAN) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Cna Financial Corp (NYSE:CNA), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Cna Financial Corp
Security
NYSE: CNA

Summary

May 20, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Cna Financial Corp (NYSE:CNA) was announced over potential breaches of fiduciary duties by certain officers and directors at Cna Financial Corp.


The investigation by a law firm concerns whether certain Cna Financial officers and directors breached their fiduciary duties.

On February 8, 2016, Cna Financial Corp announced its fourth quarter 2015 and full year 2105 consolidated results. Cna Financial Corp reported that its annual Total Revenue declined from over $9.76 billion in 2014 to over $9.25 billion in 2015 and that its Net Income decreased from $691 million in 2014 to $479 million in 2015. Shares of Cna Financial Corp (NYSE:CAN) declined from $43.40 per share in February 2015 to as low as $28.21 per share on February19, 2016.

On May 18, 2016, NYSE:CNA shares closed at 32.39 per share.

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