Fulton Financial Corporation Investor Investigation Concerning Executive Compensation

If you currently hold Fulton Financial Corporation (NASDAQ:FULT) you have certain options and you should contact the Shareholders Foundation, Inc immediately.

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Company Name(s): 
Fulton Financial Corporation
Affected Securities: 
NASDAQ: FULT

An investigation on behalf of current investors of Fulton Financial Corporation (Public, NASDAQ:FULT) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.

According to the investigation by a law firm the investigation focuses on possible claims that certain Fulton Financial’s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Fulton Financial Corporation is a bank holding company. Fulton Financial Corporation directly owns 100% of the common stock of ten community banks, two financial services companies and eleven non-bank entities. Certain senior officers at Fulton Financial Corporation, 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 Fulton Financial’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 Fulton Financial Corporation is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Fulton Financial Corporation (NASDAQ:FULT) stockholders to influence or control future compensation decisions at Fulton Financial Corporation. Fulton Financial Corporation is located in Lancaster, Trinidad and Tobago and had $16billion in total assets in 2008. Shares of Fulton Financial Corporation (NASDAQ:FULT) traded recently at $6.88, down from over $ 14 in September 200.