An investigation on behalf of investors in Wendys Co (NASDAQ:WEN) shares over potential wrongdoing at Wendys Co was announced and NASDAQ:WEN stockholders should contact the Shareholders Foundation
San Diego, CA -- (SBWIRE) -- 05/09/2016 -- An investigation was announced for investors in shares of Wendys Co (NASDAQ:WEN) was announced over potential breaches of fiduciary duties by certain directors at Wendys Co. by failing to take adequate steps to prevent the data breach the company announced in February 2016
Investors who purchased shares of Wendys Co (NASDAQ:WEN) and currently hold any of those NASDAQ:WEN shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Wendys directors breached their fiduciary duties and caused damage to the company and its shareholders. The investigation says that as a result of the data breach, thousands of credit and debit card numbers were exposed over a five-month period, resulting in lawsuits including class actions from consumers and banks alleging that Wendy's failed to take appropriate security measures to ensure that the financial and personal information of its customers was protected.
Wendys Co reported that its Total Revenue declined from over $2.5 billion for the 52 weeks period that ended on December 30, 2012 to over $1.87 billion for the 52 weeks period that ended on January 3, 2016 and that its Net Income for those time periods increased from $7.08 million to $161.14 million.
Shares of Wendys Co (NASDAQ:WEN)) grew from $4.76 per share in early 2013 to as high as $11.36 per share in May 2015.
On May 5, 2016, NASDAQ:WEN shares closed at $11.10 per share.
Those who purchased shares of Wendys Co have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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