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Commercial Metals Company (NYSE:CMC) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Commercial Metals Company (NYSE:CMC) and currently hold any of those NYSE:CMC shares, 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
Commercial Metals Company
Security
NYSE: CMC

Summary

October 24, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Commercial Metals Company (NYSE:CMC) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Commercial Metals.

The investigation by a law firm concerns whether certain Commercial Metals officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Commercial Metals Company reported that its Total Revenue declined from over $7.65 billion for the 12 months period that ended on August 31, 2012 to over $6.88 billion for the 12 months period that ended on August 31, 2013 and that its Net Income for those respective time periods declined from $210.54 million to $77.31 million.

Shares of Commercial Metals Company (NYSE:CMC) declined from $20.58 per share in January 2014 to as low as $14.21 per share on October 15, 2014.

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