An investigation on behalf of investors in Steven Madden, Ltd. (NASDAQ:SHOO) shares over potential wrongdoing at Steven Madden was announced and NASDAQ:SHOO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/22/2015 -- An investigation for current long-term investors in NASDAQ:SHOO shares was announced over potential breaches of fiduciary duties by certain officers and directors at Steven Madden.
Investors who purchased shares of Steven Madden, Ltd. (NASDAQ:SHOO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Steven Madden officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Steven Madden, Ltd. reported that its annual Total Revenue rose from over $1.31 billion in 2013 to over $1.33 billion in 2014 while its Net Income of $132.01 million in 2013 declined to $111.88 million in 2014. Shares of Steven Madden, Ltd. (NASDAQ:SHOO) grew from $28.87 per share in October 2014 to as high as $41.52 per share in April 2015.
On June 18, 2015, NASDAQ:SHOO shares closed at $40.90 per share.
Those who purchased shares of Steven Madden, Ltd. (NASDAQ:SHOO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego