An investigation for investors in NASDAQ:SHOS shares was announced concerning possible breaches of fiduciary duties by certain officers and directors at Sears Hometown and Outlet Stores Inc.
Investors who purchased shares of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS officers and directors breached their fiduciary duties.
Sears Hometown and Outlet Stores Inc reported that its Total Revenue declined from over $2.42 billion for the 52 weeks period that ended on February 1, 2014 to over $2.35 billion for the 52 weeks period that ended on January 31, 2015 and that its Net Income of $35.55 million for the 52 weeks period that ended on February 1, 2014 declined to a Net Loss of $166.81 million for the 52 weeks period that ended on January 31, 2015.
Shares of Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) declined from $55.62 per share in May 2013 to as low as $5.06 per share on February 9, 2016.
On April 6, 2016 NASDAQ:SHOS shares closed at $6.31 per share.
Those who purchased NASDAQ:SHOS shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com