Investigation Overview
An investigation on behalf of current long-term investors in shares of INTL FCStone Inc. (NASDAQ: INTL) was announced over potential breaches of fiduciary duties by certain officers and directors at INTL FCStone Inc.
The investigation by a law firm concerns whether certain INTL FCStone Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York City based INTL FCStone Inc. operates as a financial services company worldwide. INTL FCStone Inc. reported that its Total Revenue rose from over $14.72 billion for the 12 months period that ended on September 30, 2016 to over $29.38 billion for the 12 months period that ended on September 30, 2017 and that its Net Income for those time periods declined from $54.7 million to $6.4 million.
Shares of INTL FCStone Inc. (NASDAQ: INTL) declined from $56.81 per share In August 2018 to as low as $35.14 per share in December 2018.
On January 31, 2019, NASDAQ: INTL shares closed at $38.23 per share.