An investigation on behalf of investors in Iron Mountain Inc (NYSE:IRM) shares over potential wrongdoing at Iron Mountain was announced and NYSE:IRM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/14/2015 -- An investigation on behalf of current long-term investors in shares of Iron Mountain Inc (NYSE:IRM) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Iron Mountain.
Investors who purchased shares of Iron Mountain Inc (NYSE:IRM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Iron Mountain officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
The investigation concerns investigating possible breaches of fiduciary duty by the Board of Directors of Iron Mountain in connection with the proposed acquisition by Iron Mountain of Recall Holdings Limited in a cash-and-stock transaction. To pay for the Transaction, Iron Mountain proposes to issue stock representing approximately 19% to 21% of its currently outstanding common stock to former Recall shareholders. Recall's stock price has fallen in value by almost 10% since the Transaction was first announced on April 28, 2015.
Those who purchased shares of Iron Mountain Inc (NYSE:IRM), 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