Investigation Overview
April 25, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Martin Marietta Materials, Inc. (NYSE:MLM) was announced over potential breaches of fiduciary duties by certain officers and directors at Martin Marietta Materials.
The investigation by a law firm concerns whether certain Martin Marietta Materials directors breached their fiduciary duties and caused damage to the company and its shareholders.
Martin Marietta Materials, Inc. reported that its annual Total Revenue rose from over $2.95 billion in 2014 to over $3.53 billion in 2015 and that its respective Net Income increased from $154.99 million to $287.54 million.
Shares of Martin Marietta Materials, Inc. (NYSE:MLM) declined from $176.51 per share in September 2015 to as low as $108.31 per share in February 2016.