Investigation Overview
March 23, 2015 (Shareholders Foundation) - An investigation on behalf of investors in shares of Kronos Worldwide, Inc. (NYSE:KRO) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Kronos Worldwide.
The investigation by a law firm concerns whether certain Kronos Worldwide officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Kronos Worldwide, Inc. reported that its annual Total Revenue declined from over $1.73 billion in 2013 to over $1.65 billion in 2014 while its Net Loss of $102 million in 2013 turned into a Net Income of $99.20 million in 2014.
Shares of Kronos Worldwide, Inc. (NYSE:KRO) declined from $20.23 per share in early 2013 to as low as $11.12 per share in late January 2015.
On March 20, 2015, NYSE:KRO shares closed at $12.80 per share.