Casey’s General Stores, Inc.
Robbins Arroyo LLP Is Investigating the Officers and Directors of Casey’s General Stores, Inc. (CASY) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Casey’s General Stores, Inc. (NASDAQ: CASY) breached their fiduciary duties to shareholders. Casey’s operates convenience stores in fourteen Midwestern states.
Casey’s Reveals That a $30 Million Error in Its Income Taxes Will Require Revision of Its Financial Statements from Fiscal 2012 Through First Quarter 2015
On November 24, 2014, Casey’s revealed that it had discovered a $30 million error in its income taxes related to tax credits on ethanol that is blended into gasoline. Casey’s paid the Internal Revenue Service $31.5 million to correct the error. The company will also revise its financial statements for fiscal 2012, 2013, 2014 and first quarter 2015. On this news, Casey’s stock fell $7.04, or 8.01%, per share.
Casey’s Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.