Investigation Overview
An investigation on behalf of investors in shares of Woodward, Inc. (NASDAQ: WWD) was announced over potential breaches of fiduciary duties by certain officers and directors at Woodward, Inc.
The investigation by a law firm concerns whether certain Woodward directors breached their fiduciary duties and caused damage to the company and its shareholders.
Fort Collins, CO based Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Woodward, Inc. reported that its Total Revenue rose from over $2.09 billion for the 12 months period that ended on September 30, 2017 to over $2.32 billion for the 12 months period that ended on September 30, 2018 and that its Net Income for those respective time periods declined from $200.5 million to $180.37 million.
Shares of Woodward, Inc. (NASDAQ: WWD) declined from $86.18 per share in early December 2018 to as low as $68.78 per share on December 24, 2018.