Investigation Overview
November 11, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of United Parcel Service, Inc. (NYSE:UPS) shares was announced over potential breaches of fiduciary duties by certain officers and directors at United Parcel Service.
The investigation by a law firm concerns whether certain United Parcel Service officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
United Parcel Service, Inc. reported that its annual Total Revenue rose from over $54.12 billion in 2012 to over $55.43 billion in 2013 and that its Net Income increased from $807 million in 2012 to over $4.37 billion in 2013.
Shares of United Parcel Service, Inc. (NYSE:UPS) grew from $70.02 per share in November 2012 to as high as $107.96 per share on November 4, 2014.