Spectrum Brands Holdings, Inc. (NYSE:SPB) Investor Investigation Over Possible Wrongdoing Announced

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Company Name(s): 
Spectrum Brands
Affected Securities: 
NYSE: SPB

March 23, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) was announced over potential breaches of fiduciary duties by certain officers and directors at Spectrum Brands Holdings.

The investigation by a law firm concerns whether certain Spectrum Brands Holdingsdirectors breached their fiduciary duties.

Spectrum Brands Holdings, Inc. reported that its Total Revenue increased from over $4.42 billion for the 12 months period that ended on September 30, 2014 to over $4.69 billion for the 12 months period that ended on September 30, 2015 while its respective Net Income declined from $214.09 million to $148.90 million.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) grew from $43.80 per share in December 2012 to as high as $108.90 per share on March 23, 2016.