Investigation Overview
An investigation on behalf of investors in shares of Vulcan Materials Company (NYSE:VMC) was announced over potential breaches of fiduciary duties by certain officers and directors at Vulcan Materials.
The investigation by a law firm concerns whether certain Vulcan Materials officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Birmingham, AL based Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. Vulcan Materials Company reported that its annual Total Revenue rose from over $3.42 billion in 2015 to over $3.59 billion in 2016 and that its Net Income increased from $221.18 million in 2015 to $422.49 million in 2016.