NYSE:WMS Investor Alert: Investigation over Potential Wrongdoing at Advanced Drainage Systems Inc
An investigation on behalf of investors in Advanced Drainage Systems Inc (NYSE:WMS) shares over potential wrongdoing at Advanced Drainage Systems Inc was announced and NYSE:WMS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 06/13/2017 --An investigation was announced on behalf of -term investors in shares of Advanced Drainage Systems Inc (NYSE:WMS) over potential breaches of fiduciary duties by certain directors at Advanced Drainage Systems.
Investors who purchased shares of Advanced Drainage Systems Inc (NYSE:WMS) 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 whether certain Advanced Drainage Systems Inc (NYSE:WMS officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Advanced Drainage Systems Inc reported that its Total Revenue declined from over $1.29 billion for the 12 months period that ended on March 31, 2016 to over $1.25 billion for the 12 months period that ended on March 31, 2017 and that its Net Income for those respective time periods increased from $25.05 million to $32.95 million. Shares of Advanced Drainage Systems Inc (NYSE:WMS) declined from $32.50 per share in June 2015 to as low as $18.85 per share on June 6, 2017.
On June 12, 2017, NYSE:WMS shares closed at $20.25 per share.
Those who purchased shares of Advanced Drainage Systems 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
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/819483