Investigation Overview
August 26, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Heidrick & Struggles International.
The investigation by a law firm concerns whether certain Heidrick & Struggles International officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Heidrick & Struggles International, Inc. reported that its annual Total Revenue rose from $443.78 million in 2012 to $494.29 million in 2014 and that its respective Net Income increased from $6.24 million to $6.80 million.
Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) grew from $19.75 per share in late 2014 to as high as $26.59 per share in June 2015. Since then NASDAQ:HSII shares lost significant value. In fact, shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) declined to as low as $17.98 per share on August 24, 2015.