mail@shareholdersfoundation.com
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Apr 07, 2009 -
An investigation on behalf of current investors of Comerica Incorporated (NYSE:CMA) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.
If you currently hold Comerica Incorporated (NYSE:CMA) you have certain options and you should contact the Shareholders Foundation, Inc immediately.
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
According to the investigation by a law firm the investigation focuses on possible claims that certain Comerica’s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Comerica Incorporated (Comerica) is a financial services company. Comerica operates through three business segments: Business Bank, Retail Bank, and Wealth & Institutional Management. Certain senior officers at Comerica Incorporated, were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
or retirement compensation that was, so the investigation, excessive or unwarranted based on the Comerica’s performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Comerica Incorporated is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Comerica Incorporated (NYSE:CMA) stockholders to influence or control future compensation decisions at Comerica. Comerica is located in Dallas, Texas and had $67.548billion in total assets with an net income of $213Million in 2008. Shares of Comerica Incorporated (NYSE:CMA) traded at $18.49 recently from almost $64 in 2007 and $42 in September 2008.
If you currently hold Comerica Incorporated (NYSE:CMA) you have certain options and you should contact the Shareholders Foundation, Inc immediately.
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
779-1554
Fax:+1-(858)-
605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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