Energy News / Shareholders Foundation, Inc.

NASDAQ:TAX Shareholder Alert: Investigation over Potential Wrongdoing at Liberty Tax Inc

Via: ReleaseWire

Updated 11:45 AM CST, Mon, December 04,2017

An investigation on behalf of investors in Liberty Tax Inc (NASDAQ:TAX) shares over potential wrongdoing at Liberty Tax Inc was announced and NASDAQ:TAX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 12/04/2017 -- An investigation was announced for investors in shares of Liberty Tax Inc (NASDAQ:TAX) was announced over potential breaches of fiduciary duties by certain officers and directors at Liberty Tax Inc.

Investors who purchased shares of Liberty Tax Inc (NASDAQ:TAX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

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

Virginia Beach VA based Liberty Tax, Inc. is the holding company for JTH Tax, Inc. The Company is a provider of tax preparation services. Liberty Tax Inc reported that its Total Revenue rose from $173.43 million for the 12 months period that ended on April 30, 2017 to $173.99 million for the 12 months period that ended on April 30, 2017 and that its Net Income declined from $19.42 million to $13.01 million.

Shares of Liberty Tax Inc (NASDAQ:TAX) declined from $38.58 per share in November 2014 to as low as $10.22 per share in May 2016.

Those who purchased shares of Liberty Tax Inc (NASDAQ:TAX), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqtax-shareholder-alert-investigation-over-potential-wrongdoing-at-liberty-tax-inc-899845.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com