Investigation Overview
February 7, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Watsco Inc (NYSE:WSO) was announced concerning whether certain Watsco Inc officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Watsco Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Watsco Inc reported that its annual Total Revenue rose from $2 billion in 2009 to over $3.43 billion in 2012 and that its respective Net Income increased from $43.31 million to $103.33 million.
Shares of Watsco Inc (NYSE:WSO) grew from $31.65 per share in March 2009 to as high as $98.84 per share on Jan. 23, 2014.