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MRC Global Inc (NYSE:MRC) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you are a current long term stockholder of shares of MRC Global Inc (NYSE:MRC), youhave 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
MRC Global Inc
Security
NYSE: MRC

Summary

April 8, 2013 (Shareholders Foundation ) - An investigation on behalf of investors in shares of MRC Global Inc (NYSE:MRC) was announced concerning whether certain MRC Global officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns, among other things, whether certain MRC Global officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.

MRC Global Inc reported that its annual Revenue rose from over $4.83 billion in 2011 to over $5.57 billion in 2012 and its respective Net Income increased from $28.98 million to $117.96 million.

Shares of MRC Global Inc (NYSE:MRC) grew from $19.73 per share in June 2012 to as high as $33.04 per share in March 2013.

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