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Hubbell Incorporated (NYSE:HUB.B) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Hubbell Incorporated (NYSE:HUB.B), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Security

Summary

October 14, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Hubbell Incorporated (NYSE:HUB.B) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Hubbell Incorporated.

The investigation by a law firm concerns whether certain Hubbell officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Hubbell Incorporated reported that its annual Total Revenue rose from over $2.87 billion in 2011 to over $3.35 billion in 2014 and that its respective Net Income increased from $267.90 million to $325.30 million.

Shares of Hubbell Incorporated (NYSE:HUB.B) reached $126.09 per share in September 2014. However, since then NYSE:HUB.B shares declined to as low as $82.42 per share on September 29, 2015.

On October 14, 2015, NYSE:HUB.B shares closed at $88.24 per share.

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