San Diego, CA -- (SBWire) -- 04/23/2013 --An investor who currently holds NASDAQ:SYMC shares filed a lawsuit against directors of Symantec Corporation over alleged breaches of fiduciary duties that could lead to millions of dollars in potential liability for Symantec Corporation.
Investors who are current long-term stockholders of shares of Symantec Corporation (NASDAQ:SYMC) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that defendants allegedly exposed the company to potentially hundreds of millions of dollars in potential liability for violations of law by overcharging the federal government on over $200 million in sales.
Symantec Corporation (NASDAQ:SYMC) reported that its Total Revenue rose from $6.19 billion for the 52 weeks period that neded on April 1, 2011 to $6.73 billion for the 52 weeks period that ended on March 30, 2012 and that its respective Net Incoem increased from $597 million to over $1.172 billion.
Shares of Symantec Corporation (NASDAQ:SYMC) grew from $13.46 per share in July 2012 to as high as $24.73 per share in March 2013.
On April 22, 2013, NASDAQ:SYMC shares closed at $23.67 per share.
Those who are current long-term stockholders of shares of Symantec Corporation (NASDAQ:SYMC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Symantec Corporation (NASDAQ:SYMC) Investor Alert: Lawsuit over Alleged Wrongdoing by Directors Filed
A lawsuit was filed by a current investor in shares of Symantec Corporation (NASDAQ:SYMC) over alleged breaches of fiduciary duties and other current long-term NASDAQ:SYMC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com