An investigation on behalf of investors in shares of Koppers Holdings Inc. (NYSE: KOP) was announced over potential breaches of fiduciary duties by certain officers and directors at Koppers Holdings Inc.
The investigation by a law firm concerns whether certain Koppers Holdings Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Pittsburgh, PA based Koppers Holdings Inc. provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. Koppers Holdings Inc. reported that its annual Total Revenue declined from over $1.77 billion in 2019 to over $1.66 billion in 2020, and that its Net Income increased from $66.6 million in 2019 to $122 million in 2020. Shares of Koppers Holdings Inc. (NYSE: KOP) closed on April 21, 2021, at $33.69 per share.