Investigation Overview
June 6, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Dean Foods Co (NYSE:DF) was announced over potential breaches of fiduciary duties by certain officers and directors at Dean Foods.
The investigation by a law firm concerns whether certain Dean Foods officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dallas, TX based Dean Foods Company is a food and beverage company. On February 22, 2016, Dean Foods reported its fourth quarter and full year 2015 results. Dean Foods Co reported that its annual Total Revenue declined from over $9.5 billion in 2014 to over $8.12 billion in 2015.
Shares of Dean Foods Co (NYSE:DF) declined from $20.96 per share on February, 16 2016 to $16.59 per share on April 21, 2016.
On June 3, 2016, NYSE:DF shares closed at $18.66 per share.