July 28, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Diageo plc (ADR) (NYSE:DEO) shares over potential securities laws violations by Diageo plc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Diageo plc (ADR) (NYSE:DEO) concerning whether a series of statements by Diageo plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Diageo plc reported that its Total Revenue declined from over $17.58 billion for the 12 months period that ended on June 30, 2013 to over $15.96 billion for the 12 months period that ended on June 30, 2014 and that its respective Net Income declined from over $3.81 billion to over $3.49 billion.

On July 23, 2015, The Wall Street Journal reported that the Securities and Exchange Commission is investigating whether Diageo has been shipping excess inventory to distributors in an effort to boost the liquor company's results.

Shares of Diageo plc (ADR) (NYSE:DEO) declined on July 27, 2015, to as low as $112.52 per share.