An investigation on behalf of current long-term investors in shares of Pitney Bowes Inc. (NYSE:PBI) was announced over potential breaches of fiduciary duties by certain officers and directors at Pitney Bowes Inc.

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

Pitney Bowes Inc. is a global technology company that offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. Pitney Bowes Inc. reported that its annual Total Revenue rose from over $3.4 billion in 2016 to over $3.54 billion in 2017 and its Net Income increased from $95.51 million in 2016 to $222.34 million in 2017. Shares of Pitney Bowes Inc. (NYSE:PBI) declined from $23.96 per share in March 2015 to as low as $9.64 per share in November 2017.

On February 28, 2018, NYSE:PBI shares closed at $12.40 per share.