Investigation Overview
April 21, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Greif, Inc. (NYSE:GEF) was announced over potential breaches of fiduciary duties by certain officers and directors at Greif, Inc.
The investigation by a law firm concerns whether certain Greif officers and directors breached their fiduciary duties.
Greif, Inc. reported that its Total Revenue declined from over $4.23 billion for the 12 months period that ended on October 31, 2014 to over $3.61 billion for the 12 months period that ended on October 31, 2015 and that its respective Net Income declined from $91.50 million to $71.90 million.
Shares of Greif, Inc. (NYSE:GEF) declined from as high as $55.65 per share in July 2014 to as low as $23.88 per share in February 2016.