An investigation on behalf of current long-term investors in shares of Oil-Dri Corporation of America (NYSE: ODC) was announced over potential breaches of fiduciary duties by certain officers and directors at Oil-Dri Corporation of America (NYSE: ODC.

The investigation by a law firm concerns whether certain Oil-Dri Corporation of America (NYSE: ODC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Chicago, IL based Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. Oil-Dri Corporation of America reported that its Total Revenue rose from $262.3 million for the 12 months period that ended on July 31, 2017 to $266 million for the 12 months period that ended on July 31, 2018 and that Net Income for those time periods declined from $10.79 million to $8.24 million. Shares of Oil-Dri Corporation of America (NYSE: ODC) declined to as low as $28.52 per share on October 18, 2018.