San Diego, CA -- (SBWIRE) -- 10/15/2012 -- An investigation on behalf of current long-term stockholders of shares of American Express Company (NYSE:AXP) was announced concerning whether certain American Express Company officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholder of shares of American Express Company (NYSE:AXP), including those who current hold NYSE:AXP shares since years, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain American Express officers and directors breached their fiduciary duties and caused damage to the company. and its shareholders by failing to implement adequate internal controls and misstating the company's financial results.
American Express Company (NYSE:AXP) reported that its annual Revenue rose from over $19.12 billion in 2009 to over $23.15 billion in 2011 and its Net Income for the respective time periods increased from over $2.13 billion to over $4.93 billion.
Shares of American Express Company (NYSE:AXP) grew from as low as $10.26 per share in March 2009 to as high as $60.10 per share in May 2012.
On October 12, 2012, NYSE:AXP shares closed at $57.89 per share.
Those who purchased shares of American Express Company (NYSE:AXP), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego