An investigation in investors in NYSE:KAR shares was announced over potential breaches of fiduciary duties by certain directors at KAR Auction Services Inc
Investors who purchased shares of KAR Auction Services Inc (NYSE:KAR) 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 KAR Auction Services Inc (NYSE:KAR officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
KAR Auction Services Inc reported that its annual Total Revenue rose from over $2.36 biollion in 2014 to over $2.63 billion in 2015 and that oits Net Income grew from $169.30 million in 2014 to $214.60 million in 2015. Shares of KAR Auction Services Inc (NYSE:KAR) grew from $26.90 per share in October 2014 to as high as $43.91 per share on July 26, 2016.
On July 28, 2016, NYSE:KAR shares closed at $43.00 per share.
Those who purchased NYSE:KAR 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