An investigation on behalf of investors in Franklin Resources, Inc. (NYSE:BEN) shares over potential wrongdoing at Franklin Resources, Inc. was announced and NYSE:BEN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/01/2016 -- An investigation on behalf of investors in shares of Franklin Resources, Inc. (NYSE:BEN) was announced over potential breaches of fiduciary duties by certain officers and directors at Franklin Resources.
Investors who purchased shares of Franklin Resources, Inc. (NYSE:BEN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Franklin Resources directors breached their fiduciary duties and caused damage to the company and its shareholders.
Franklin Resources, Inc. reported that its Total Revenue declined from over $8.49 billion for the 12 months period that ended on September 30, 2014 to over $7.94 billion for the 12 months period that ended on September 30, 2015 and that its Net Income for those respective time periods declined from over $2.38 billion to over $2.03 billion.
Shares of Franklin Resources, Inc. (NYSE:BEN) declined from $58.30 per share in late 2014 to as low as $30.56 per share in June 2016
On August 31, 2016, NYSE:BEN shares closed at $36.50 per share.
Those who purchased shares of Franklin Resources, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com