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Meritor Inc (NYSE:MTOR) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Meritor Inc (NYSE:MTOR) and currently hold any of those NYSE:MTOR shares, 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
Meritor Inc
Security
NYSE: MTOR

Summary

December 16, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Meritor Inc (NYSE:MTOR) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Meritor.

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

Meritor Inc reported that its Total Revenue rose from over $3.67 billion for the 12 months period that ended on Sept. 30 2013 to over $3.76 billion for the 12 months period that ended on Sept. 30 2014 and that its net Loss of $22.00 million for the 12 months period that ended on Sept. 30 2013 turned into a Net Income of $249 million for the 12 months period that ended on Sept. 30 2014.

Shares of Meritor Inc (NYSE:MTOR) grew from $4.27 per share in March 2013 to as high as $14.75 per share in July, respectively $14.77 per share on December 5, 2014.

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