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If you purchased shares of Joy Global Inc. (NYSE:JOY) and currently hold any of those NYSE:JOY shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
October 28, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Joy Global Inc. (NYSE:JOY) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Joy Global Inc.
The investigation by a law firm concerns whether certain Joy Global officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Joy Global Inc. reported that its Total Revenue declined from over $5.66 billion for the 52 weeks period that ended on Oct. 26, 2012 to over $5.01 billion for the 52 weeks period that ended on Oct. 25, 2013 and that its Net Income for those respective time periods declined from $762.02 million to $533.71 million. Shares of Joy Global Inc. (NYSE:JOY) traded in 2011 as high as $100.95 per share.
Since then NYSE:JOY shares lost substantial value. On October 15, 2014, NYSE:JOY shares declined to as low as $48.99 per share.
