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Nordstrom, Inc. (NYSE:JWN) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Nordstrom, Inc. (NYSE:JWN), 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
Nordstrom, Inc.
Security
NYSE: JWN

Summary

April 20, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Nordstrom, Inc. (NYSE:JWN) was announced over potential breaches of fiduciary duties by certain officers and directors at Nordstrom, Inc..

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

Nordstrom, Inc. reported that its Total Revenue rose from over $14.43 billion for the 52 weeks period that ended on January 30, 2016 to over $14.75 billion for the 52 weeks period that ended on January 28, 2017 and that its Net Income for those respective time periods declined from $600.00 million to $354 million.

Shares of Nordstrom, Inc. (NYSE:JWN) declined from $61.49 per share in late 2016 to as low as $41.18 per share in March 2017.

On April 20, 2017, NYSE:JWN shares closed at $47.87 per share.

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