An investigation on behalf of current investors of Popular, Inc. (Public, NASDAQ:BPOP) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.

According to the investigation by a law firm the investigation focuses on possible claims that certain Popular, Inc.s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Popular, Inc. is a diversified bank holding company. The Company operates in three target markets: Puerto Rico, the mainland United States, and processing and other technology services in Puerto Rico, Venezuela, Florida and the Dominican Republic. Certain senior officers at Popular, Inc, were awarded salaries, bonuses, stock options and other forms of long-term, incentive or retirement compensation that was, so the investigation, excessive or unwarranted based on the Popular, Incs performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Popular, Inc is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Popular, Inc. (Public, NASDAQ:BPOP) stockholders to influence or control future compensation decisions at Popular, Inc. Popular, Inc is located in Hato Rey, PR and had $38billion in total assets in 2008. Shares of Popular, Inc. (NASDAQ:BPOP) traded recently at $2.38 per share down from over $11 in September 2008 and almost $29 in 2004.