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Varian Medical Systems, Inc. (NYSE:VAR) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Varian Medical Systems, Inc. (NYSE:VAR), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Varian Medical Systems, Inc.
Security
NYSE: VAR

Summary

June 22, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Varian Medical Systems, Inc. (NYSE:VAR) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Varian Medical Systems.

The investigation by a law firm concerns whether certain Varian Medical Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Varian Medical Systems, Inc. reported that its Total Revenue rose from over $2.94 billion for the 52 weeks period that ended on September 27, 2013 to over $3.04 billion for the 52 weeks period that ended on September 26, 2014 while its Net Income over those respective time periods declined from $438.25 milion to $403.70 million.

Shares of Varian Medical Systems, Inc. (NYSE:VAR) grew from $55.46 per share in August 2012 to as high as $96.14 per share in April 2015.

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