Investigation Overview
February 11, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Kansas City Southern (NYSE:KSU) shares was launched over potential securities laws violations by Kansas City Southern and certain of its directors and officers in connection certain financial statements.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Kansas City Southern (NYSE:KSU) concerning whether a series of statements by Kansas City Southern regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Kansas City Southern reported that its annual Total Revenue rose from over $1.81 billion in 2010 to over $2.23 billion in 2012 and that its respective Net Income increased from $169.20 million to $377.10 million.
Shares of Kansas City Southern (NYSE:KSU) grew from $29.70 per share in early 2010 to as high as $125.20 per share in November 2013.
Then on January 24, 2014, Kansas City Southern reported its fourth quarter and full-year results. Kansas City Southerns annual Total Revenue increased from over $2.23 billion in 2012 to $2.36 billion in 2013, its respective Net Income declined from $377.10 million to $351.40 million.
Shares of Kansas City Southern declined from $117.78 per share on January 23, 2014, to $94.91 per share on January 24, 2014.
On February 11, 2014, NYSE:KSU shares closed at $102.11 per share.