Robbins Arroyo LLP Is Investigating the Officers and Directors of Casey's General Stores, Inc. (CASY) on Behalf of Shareholders

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Dec 05, 2014, 06:47 ET

SAN DIEGO and ANKENY, Iowa, Dec. 5, 2014 /PRNewswire/ -- Shareholder rights law firm 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.

View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/caseys-general-stores-inc

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, [email protected], or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, Ca 92101
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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SOURCE Robbins Arroyo LLP