An investigation on behalf of investors in The Kroger Co. (NYSE:KR) shares over potential wrongdoing at The Kroger Co. was announced.
San Diego, CA -- (SBWIRE) -- 10/05/2022 -- Certain directors of The Kroger Co. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of The Kroger Co. (NYSE: KR) and currently hold any of those The Kroger Co. (NYSE: KR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain The Kroger Co. (NYSE: KR officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Cincinnati, OH based The Kroger Co. reported that its Total Revenue rose from over $132.49 billion for the 12 months period that ended on January 31, 2021 to over $137.88 billion for the 12 months period that ended on January 31, 2022, and that its Net Income declined over those respective time periods from over $2.58 billion to over $1.65 billion.
Shares of The Kroger Co. (NYSE: KR) declined from $62.58 per share in March 2022 to as low as $44.11 per share on September 23, 2022.
Those who purchased shares of The Kroger Co. (NYSE: KR), have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.