An investigation for investors in The Home Depot, Inc. (NYSE:HD) shares over potential securities laws violations was announced and NYSE:HD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/25/2015 -- An investigation on behalf of investors of The Home Depot, Inc. (NYSE:HD) shares was announced concerning whether the officers and directors of The Home Depot, Inc. breached their fiduciary duties to the company by failing to take adequate steps to prevent its massive data breach announced in September 2014.
Investors who purchased shares of The Home Depot, Inc. (NYSE:HD) 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 certain officers and directors of The Home Depot, Inc failed to take appropriate security measures to ensure that the financial and personal information of its customers was protected.
On September 2, 2014, an independent security expert disclosed on his online blog that The Home Depot, Inc.'s payment data systems may have been breached because multiple banks were seeing evidence that "a massive new batch of stolen credit and debit cards" went on sale that were linked to The Home Depot, Inc. stores.
On September 8, 2014, The Home Depot, Inc. confirmed that its payment data systems have been breached, which could potentially impact customers using payment cards at its U.S. and Canadian stores Shares of The Home Depot, Inc. (NYSE:HD) declined from $93.50 per share in late August 2014 to as low as $88.33 per share on September 10, 2014.
The Home Depot, Inc. reported that its Total Revenue rose from over $70.39 billion for the 52 weeks period that ended on Jan. 29, 2012 to over $83.17 billion for the 52 weeks period that ended on Feb. 1, 2015 and that its respective Net Income increased from over $3.88 billion to over $6.34 billion. Shares of The Home Depot, Inc. (NYSE:HD) grew from $28.74 per share in August 2010 to as high as $117.99 per share on March 20, 2015.
Those who purchased shares of The Home Depot, Inc. (NYSE:HD) 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