Investigation Overview
July 15, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of LKQ Corporation (NASDAQ:LKQ) was announced over potential breaches of fiduciary duties by certain officers and directors at LKQ.
The investigation by a law firm concerns whether certain LKQ officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
LKQ Corporation reported that its annual Total Revenue rose from $4.12 billion in 2012 to over $7.19 billion in 2015 and that its Net Income increased from $261.23 million in 2012 to $423.22 million in 2015.
Shares of LKQ Corporation (NASDAQ:LKQ) grew from $25.03 per share in February 2016 to as high as $34.16 per share in April 2016.