An investigation on behalf of investors in L Brands, Inc. (NYSE: LB) shares over potential wrongdoing at L Brands, Inc. (NYSE: LB) was announced and NYSE: LB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/05/2018 -- An investigation was announced for investors in shares of L Brands, Inc. (NYSE: LB) over potential breaches of fiduciary duties by certain officers and directors at L Brands, Inc.
Investors who purchased shares of L Brands, Inc. (NYSE: LB) shares 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 L Brands, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Columbus, OH based L Brands, Inc. operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. L Brands, Inc. reported that its Total Revenue rose from over $12.57 billion for the 12 months period that ended on January 28, 2017, to over $12.63 billion for the 12 months period that ended on February 3, 2018 and that its net Income over those respective time periods declined from over $1.15 billion to $983 million.
Shares of L Brands, Inc. (NYSE: LB) declined from $99.59 per share in late 2015 to as low as $30.70 per share on May 10, 2018.
On June 4, 2018, NYSE: LB shares closed at $35.80 per share.
Those who purchased shares of L Brands, Inc. (NYSE: LB), 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