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Starbucks Corporation (NASDAQ:SBUX) Investor Investigation of potential Wrongdoing

An investigation on behalf of investors in Starbucks Corporation (NASDAQ:SBUX) shares over potential wrongdoing at Starbucks was announced and NASDAQ:SBUX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
PRLog - Feb. 4, 2014 - An investigation on behalf of investors in Starbucks Corporation (NASDAQ:SBUX shares was announced over potential breaches of fiduciary duties by certain officers and directors at Starbucks that caused damages to the company and NASDAQ:SBUX stockholders.

Investors who are current long term stockholders in Starbucks Corporation (NASDAQ:SBUX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com (mailto:mail@shareholdersfoundation.com) or call +1(858) 779 - 1554.

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

Starbucks Corporation reported that its Total Revenue rose from over $10.7 billion for the 53 weeks period that ended on October 3, 2010 to over $13.29 billion for the 52 weeks period that ended on September 30, 2012 and that its respective Net Income increased from $945.60 million to over $1.38 billion.

Then on October 30, 2013, Starbucks Corporation reported its financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2013. Among other things, Starbucks Corporation reported that while its Total Revenue rose from over $13.29 billion for the 52 weeks period that ended on September 30, 2012 to over $14.89 billion for the 52 weeks period that ended on September 29, 2013, its respective Net Income declined from over $1.38 billion to $8.30 million.

Starbucks Corporation (NASDAQ:SBUX) grew from $21.70 per share on February 2010 to almost $82 per share in early November 2013.

Then on November 13, 2013, an arbitrator handed Starbucks Corporation a defeat in its three-year fight with Kraft Foods, saying that Starbucks Corporation must pay nearly $2.8 billion for ending its partnership.

On December 24, 2013, NASDAQ:SBUX shares closed at $78.57 per share.

Those who purchased shares of Starbucks Corporation have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Contact
Shareholders Foundation, Inc.
+1-(858)-779-1554
mail@shareholdersfoundation.com

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Source:Shareholders Foundation, Inc.
Industry:Business, Finance
Tags:Starbucks Corp, nasdaq:sbux
Shortcut:prlog.org/12278056
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