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Investigation announced for Long-Term Investors in NiSource Inc. (NYSE: NI)

03-31-2020 07:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in NiSource Inc. (NYSE: NI) shares over potential wrongdoing at NiSource Inc.

An investigation on behalf of investors in NiSource Inc. (NYSE: NI) shares over potential wrongdoing at NiSource Inc.

An investigation was announced for current long-term investors in shares of NiSource Inc. (NYSE: NI) over potential breaches of fiduciary duties by certain directors at NiSource Inc.

Investors who purchased shares of NiSource Inc. (NYSE: NI) and currently hold any of those NYSE: NI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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

Merrillville, IN based NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. NiSource Inc reported that its annual Total Revenue rose from over $5.11 billion in 2018 to over $5.2 billion in 2019, and that its Net Loss of $50.60 million in 2018 turned into a Net Income of $383.1 million in 2019.

Shares of NiSource Inc. (NYSE: NI) declined from $30.29 per share in February 2020 to as low as $19.56 per share on March 16, 2020.

Those who purchased shares of NiSource Inc. (NYSE: NI), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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