An investigation on behalf of former and current employees of Shuffle Master, who are or were participants or beneficiaries of the Shuffle Master employee company stock option plan and/or currently hold Shuffle Master (NASDAQ: SHFL) stock over possible breaches of fiduciary duties in connection with Shuffle Masters executive compensation practices was announced.

The investigation by a law firm focuses on possible breaches of fiduciary duties related to potential excessive compensation that was awarded to certain senior officers and executives at Shuffle Master, Inc. based upon its current operating condition and that was improper compared to what senior officers and executives at comparable companies were making.
Even though shares of Shuffle Master, Inc. (Public, NASDAQ: SHFL) rose from as low as $2.77 per share in March 09 to over $11 in April and May 2011 its shares decreased from as high as $39.59 per share during 06 and as high as $27.21 per share in 07.
Shuffle Masters CEO, Executive Vice President and Chief Operating Officer pay rose from roughly $603,000 in 2008 to $694,000in 2010, the Executive Vice President, CFO and Secretarys pay increased from about $145,000 in 08 to $519,000 in 2010, and the former CEO Timothy Parrott eared $1,01million in 2010 compared to roughly $863,000 in 2009.
Shuffle Masters shareholders recently expressed their disdain for executive pay packages by voting no on Shuffle Master's say on pay provision. Shuffle Master Inc received only 44.1% support for its pay practices at its March 17 annual meeting, according to a company filing
Former (or current) employees of Shuffle Master, who currently hold stocks of Shuffle Master (SHFL) may be eligible to file a complaint against certain directors and officers, so the investigation.