An investigation on behalf of current investors of Principal Financial Group, Inc. (NYSE:PFG) 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 Principal Financial Groups senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services. The Companys United States and international operations is engaged on the asset accumulation and asset management. Certain senior officers at Principal Financial Group, 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 Principal Financial Groups 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 Principal Financial Group is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Principal Financial Group, Inc. (NYSE:PFG) stockholders to influence or control future compensation decisions at Principal Financial Group. Principal Financial Group is located in Des Moines, IA, and had $128billion in total assets with a net income of $458million. Shares of Principal Financial Group, Inc. (NYSE:PFG) traded at $10.10 recently from over $60 in 2008.