Investigation Overview
October 26, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Viacom, Inc. (NASDAQ:VIAB) was announced over potential breaches of fiduciary duties by certain officers and directors at Viacom, Inc.
The investigation by a law firm concerns whether certain Viacom officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Viacom, Inc. reported that its annual Total Revenue declined from over $13.79 billion in 2013 to over $13.78 billion in 2014 and that its respective Net Income declined from $2.395 billion in 2013 to $2.392 billion in 2014.
Shares of Viacom, Inc. (NASDAQ:VIAB) declined from as high as $88.36 per share in July 2014 to as low as $36.32 per share in August 2015.