An investigation for investors in OTCMKTS:IHRT shares was announced over potential breaches of fiduciary duties by certain directors at iHeartMedia Inc
Investors who purchased shares of iHeartMedia Inc (OTCMKTS:IHRT) and currently hold any of those OTCMKTS:IHRT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain iHeartMedia directors breached their fiduciary duties.
iHeartMedia Inc reported that its annual Total Revenue declined from over $6.31 billion in 2014 to over $6.24 billion in 2015 and that its Net Loss declined from $793.76 million in 2014 to $754.62 million in 2015. Shares of iHeartMedia Inc (OTCMKTS:IHRT) declined from $7.25 per share in June 2015 to as low as $0.72 per share on May 4, 2016.
On July 11, 2016, OTCMKTS:IHRT shares closed at $1.20 per share.
Those who purchased OTCMKTS:IHRT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego