An investigation on behalf of investors in Hormel Foods Corporation (NYSE: HRL) shares over potential wrongdoing at Hormel Foods Corporation was announced .
San Diego, CA -- (SBWIRE) -- 09/20/2018 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Hormel Foods.
Investors who purchased shares of Hormel Foods Corporation (NYSE: HRL) 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 Hormel Foods directors breached their fiduciary duties and caused damage to the company and its shareholders.
Austin, MN based Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally.
Hormel Foods Corporation reported that its Total Revenue declined from over $9.52 billion for the 12 months period that ended on October 30, 2016 to over $9.16 billion for the 12 months period that ended on October 29, 2017 and that its Net Income declined from $890.05 million to $846.73 million over those respective time periods. Shares of Hormel Foods Corporation (NYSE: HRL) grew from $32.21 per share in February 2018 to as high as $41.49 per share on September 7, 2018.
Those who purchased shares of Hormel Foods Corporation (NYSE: HRL), 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
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.