Shareholders Foundation, Inc.

Joy Global Inc. (NYSE:JOY) Investor Alert: Investigation over Potential Wrongdoing

An investigation on behalf of investors in Joy Global Inc. (NYSE:JOY) shares over potential wrongdoing at Joy Global was announced and NYSE:JOY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (SBWIRE) -- 10/29/2014 -- An investigation on behalf of current long-term investors in shares of Joy Global Inc. (NYSE:JOY) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Joy Global Inc.

Investors who purchased shares of Joy Global Inc. (NYSE:JOY) and currently hold any of those NYSE:JOY shares have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Joy Global officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Joy Global Inc. reported that its Total Revenue declined from over $5.66 billion for the 52 weeks period that ended on Oct. 26, 2012 to over $5.01 billion for the 52 weeks period that ended on Oct. 25, 2013 and that its Net Income for those respective time periods declined from $762.02 million to $533.71 million. Shares of Joy Global Inc. (NYSE:JOY) traded in 2011 as high as $100.95 per share.

Since then NYSE:JOY shares lost substantial value. On October 15, 2014, NYSE:JOY shares declined to as low as $48.99 per share.

On October 27, 2014 NYSE:JOY shares closed at $51.70 per share.

Those who purchased shares of Joy Global Inc. (NYSE:JOY) 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