An investigation on behalf of current investors of Huntington Bancshares Incorporated (NASDAQ:HBAN) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.

According to the investigation by a law firm the investigation focuses on possible claims that certain Huntington Bancshares Inc.s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Huntington Bancshares Incorporated is a multi-state diversified financial holding company. Through its subsidiaries, the Company provides full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services. Certain senior officers at Huntington Bancshares Incorp., were awarded salaries, bonuses, stock options and other forms of long-term, incentive or retirement compensation that was, so the investigation, excessive or unwarranted based on Huntington Bancshares Inc.s performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Huntington Bancshares is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Huntington Bancshares Incorporated (NASDAQ:HBAN) stockholders to influence or control future compensation decisions at Huntington Bancshares. Huntington Bancshares Incorporated is located in Columbus, Ohio, and had $54billion in total assets in 2008. Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) traded recently at $1.94 per shares down from $12.75 in September 2008 and almost $24 in 2007.