Shareholders Foundation, Inc.

NASDAQ: LANC Investor Alert: Investigation over Potential Wrongdoing at Lancaster Colony

An investigation on behalf of investors in Lancaster Colony Corporation (NASDAQ: LANC) shares over potential wrongdoing at Lancaster Colony was announced.

 

San Diego, CA -- (SBWIRE) -- 07/25/2018 -- An investigation was announced for investors in shares of Lancaster Colony Corporation (NASDAQ: LANC) over potential breaches of fiduciary duties by certain officers and directors at Lancaster Colony.

Investors who purchased shares of Lancaster Colony Corporation (NASDAQ: LANC) 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 Lancaster Colony directors breached their fiduciary duties and caused damage to the company and its shareholders.

Westerville, OH based Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. Lancaster Colony Corporation reported that its Total Revenue rose from over $1.19 billion for the 12 months period that ended on June 30, 2016 to over $1.2 billion for the 12 months period that ended on June 30, 2017 and that its Net Income over those time periods declined from $121.76 million to $115.31 million.

Shares of Lancaster Colony Corporation (NASDAQ: LANC) grew from $118.17 per share in March 2018 to as high as $144.77 per share on July 16, 2018.

On July 24, 2018, NASDAQ: LANC shares closed at $141.37 per share.

Those who purchased shares of Lancaster Colony Corporation (NASDAQ: LANC), 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