Investigation Overview
September 2, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Teleflex Incorporated (NYSE:TFX) was announced over potential breaches of fiduciary duties by certain officers and directors at Teleflex.
The investigation by a law firm concerns whether certain Teleflex officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Teleflex Incorporated reported that its annual Total Revenue declined from over $1.83 billion in 2014 to over $1.8 billion in 2015 while its Net Income increased from $190.39 million in 2014 to $235.96 million in 2015.
Shares of Teleflex Incorporated (NYSE:TFX) grew from $92.77 per share in February 2014 to as high as $185.81 per share on August 30, 2016,