General Mills, Inc. (NYSE:GIS) Shareholder Alert: Investigation Concerning Potneital Violations of Securities Laws
An investigation for investors in General Mills, Inc. (NYSE:GIS) shares over potential securities laws violations by General Mills, Inc. was announced and NYSE:GIS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 11/16/2015 --An investigation for shareholders in NYSE:GIS shares over potential securities laws violations by General Mills, Inc. was announced.
Investors who purchased shares of General Mills, Inc. (NYSE:GIS), 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 focuses on whether a series of statements by General Mills regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 5, 2015, General Mills, Inc. announced that it is voluntarily recalling several days of production of Cheerios and Honey Nut Cheerios cereal produced at its Lodi, California facility on certain dates in July of this year because of an undeclared allergen – wheat – with potential adverse health effects.
General Mills, Inc. reported that its Total Revenue declined from over $17.9 billion for the 52 weeks period that ended on May 25, 2015, to over $17.63 billion for the 52 weeks period that ended on May 31, 2015 and that its Net Income for those respective time periods declined from over $1.82 billion to over $1.22 billion.
Shares of General Mills, Inc. (NYSE:GIS) grew from $49.29 per share in October 2014 to as high as $59.26 per share on August 14, 2015.
On October 9, 2015, NYSE:GIS shares closed at $55.81 per share.
Those who purchased shares of General Mills, Inc. (NYSE:GIS) 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/641221