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Liberty Tax Inc (NASDAQ:TAX) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Liberty Tax Inc (NASDAQ:TAX), you have certain options and you 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
Liberty Tax Inc
Security
NASDAQ: TAX

Summary

An investigation on behalf of investors in shares of Liberty Tax Inc (NASDAQ:TAX) was announced over potential breaches of fiduciary duties by certain officers and directors at Liberty Tax Inc .

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

Virginia Beach VA based Liberty Tax, Inc. is the holding company for JTH Tax, Inc. The Company is a provider of tax preparation services. Liberty Tax Inc reported that its Total Revenue rose from $173.43 million for the 12 months period that ended on April 30, 2017 to $173.99 million for the 12 months period that ended on April 30, 2017 and that its Net Income declined from $19.42 million to $13.01 million.

Shares of Liberty Tax Inc (NASDAQ:TAX) declined from $38.58 per share in November 2014 to as low as $10.22 per share in May 2016.

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