An investigation on behalf of investors in Genesco Inc. (NYSE:GCO) shares over potential wrongdoing at Genesco Inc. was announced and NYSE:GCO stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/07/2016 --Genesco Inc is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in shares of Genesco Inc. (NYSE:GCO) in connection with certain financial statements made by Genesco Inc.

Investors who purchased shares of Genesco Inc. (NYSE:GCO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

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

Genesco Inc. reported that its Total Revenue rose from over $2.85 billion for the 52 weeks period that ended on January 31, 2015 to over $3.02 billion for the 52 weeks period that ended on 52 weeks period that ended on January 30, 2016 while its Net Income declined from $99.37 million to $95.38 million.

On September 1, 2016, Genesco Inc. announced its second quarter results and lowered its earnings forecast.

Shares of Genesco Inc. (NYSE:GCO) dropped from $73.17 per share on August 31, 2016 to as low as $48.02 per share on September 2, 2016.

Those who purchased shares of Genesco Inc. 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