An investigation on behalf of investors in FMC Corporation (NYSE:FMC) shares over potential wrongdoing at FMC Corporation was announced.
San Diego, CA -- (SBWIRE) -- 10/12/2023 -- Certain directors of FMC Corporation are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of FMC Corporation (NYSE: FMC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain FMC Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Philadelphia, PA based FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products.
FMC Corporation reported that its annual Total Revenue rose from $5.04 billion in 2021 to $5.8 billion in 2022.
On July 10, 2023, before the market opened, FMC Corporation, despite raising its full-year revenue guidance in May, 2023, announced that it was cutting its revenue for the second quarter and the 2023 fiscal year. It announced that "the revised guidance is driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners, which only became evident towards the end of May and continued through the remainder of the quarter[.]"
Shares of FMC Corporation (NYSE: FMC) declined from $134.38 per share on December 02, 2022, to as low as $62.01 per share on October 09, 2023.
Those who purchased shares of FMC Corporation (NYSE: FMC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.