Levi & Korsinsky announces it has commenced an investigation Philip Morris International Inc. (NYSE:PM) concerning possible breaches of fiduciary duty.
We are prepared to challenge the improper compensation granted by Philip Morris International Inc. In particular, we determined that, since February 4, 2016, the Company granted the CEO 18,123 performance stock units of excess compensation, worth approximately $1.7 million, in violation of Company’s shareholder-approved compensation plan. We are investigating an action seeking to force the Company to rescind these improper grants.
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