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Lancaster Colony Corporation (NASDAQ: LANC) Investor Investigation Over Potential Wrongdoing

  • Investors who purchased shares of Lancaster Colony Corporation (NASDAQ: LANC) have certain options and should contact the Shareholders Foundation, Inc.

  • 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

Company
Lancaster Colony
Security
NASDAQ: LANC

Summary

An investigation on behalf of investors in shares of Lancaster Colony Corporation (NASDAQ: LANC) was announced over potential breaches of fiduciary duties by certain officers and directors at Lancaster Colony.

The investigation by a law firm concerns whether certain Lancaster Colony directors breached their fiduciary duties and caused damage to the company and its shareholders.

Westerville, OH based Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. Lancaster Colony Corporation reported that its Total Revenue rose from over $1.19 billion for the 12 months period that ended on June 30, 2016 to over $1.2 billion for the 12 months period that ended on June 30, 2017 and that its Net Income over those time periods declined from $121.76 million to $115.31 million.

Shares of Lancaster Colony Corporation (NASDAQ: LANC) grew from $118.17 per share in March 2018 to as high as $144.77 per share on July 16, 2018.

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