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Franklin Resources, Inc. (NYSE:BEN) Investor Investigation Concerning Possible Wrongdoing Announced

  • If you purchased shares of Franklin Resources, Inc. (NYSE:BEN), 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
Franklin Resources, Inc.
Security
NYSE: BEN

Summary

August 31, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Franklin Resources, Inc. (NYSE:BEN) was announced over potential breaches of fiduciary duties by certain officers and directors at Franklin Resources.

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

Franklin Resources, Inc. reported that its Total Revenue declined from over $8.49 billion for the 12 months period that ended on September 30, 2014 to over $7.94 billion for the 12 months period that ended on September 30, 2015 and that its Net Income for those respective time periods declined from over $2.38 billion to over $2.03 billion.

Shares of Franklin Resources, Inc. (NYSE:BEN) declined from $58.30 per share in late 2014 to as low as $30.56 per share in June 2016.

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