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Veritiv Corp (NYSE:VRTV) Investor Investigation Over Potential Securities Laws Violation Announced

  • If you purchased shares of Veritiv Corp (NYSE:VRTV), 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
Veritiv Corp
Security
NYSE: VRTV

Summary

May 12, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Veritiv Corp (NYSE:VRTV) shares over potential securities laws violations by Veritiv Corp and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Veritiv Corp (NYSE:VRTV) concerning whether a series of statements by Veritiv Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Veritiv Corp reported that its annual Total Revenue declined from over $8.71 billion in 2105 to over $8.32 billion in 2016 and that its Net Income declined from $26.70 million to $21.00 million.

Shares of Veritiv Corp (NYSE:VRTV) grew from $28.71 per share in February 2016 to as high as $58.40 per share in January 2017.

On May 3, 2017, Veritiv Corporation announced financial results for the first quarter ended March 31, 2017.

Shares of Veritiv Corp (NYSE:VRTV) declined on May 4, 2017 to $40.22 per share.

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