An investigation for current long-term stockholders of shares of RLI Corp. (NYSE:RLI) over potential breaches of fiduciary duties was announced and current long term NYSE:RLI stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 03/26/2013 -- An investigation on behalf of current long-term investors of RLI Corp. (NYSE:RLI) shares over potential breaches of fiduciary duties by certain of its directors and officers in connection certain financial statements was announced.
Investors who are current long-term stockholders in shares of RLI Corp. (NYSE:RLI) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain RLI officers and directors breached their fiduciary duties and caused damage to the company. and its shareholders by potentially failing to implement adequate internal controls.
RLI Corp. (NYSE:RLI) reported that its annual Total Revenue rose from $619.17 million in 2011 to $660.77 million in 2012. However, its respective Net Income declined from $126.60 million to $103.35 million.
The total compensation of certain top officials at RLI Corp. increased between 2011 and 2012. For instance, the president and CEO’s pay rose from over $3.9 million in 2011 to over $4.5 million in 2012 and the President and COO’s total compensation increase from over $2.44 million in 2011 to over $2.8 million in 2012.
Shares of RLI Corp. (NYSE:RLI) closed on May 25, 2013, at $71.40 per shares.
Those who are current long-term investors in shares of RLI Corp. (NYSE:RLI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego