An investigation was announced for investors in Home Capital Group shares concerning possible breaches of fiduciary duties by certain Home Capital Group directors.
Investors who purchased shares of Home Capital Group Inc (OTCMKTS: HMCBF), 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 focuses on whether certain statements regarding Home Capital Group Inc’s business, its prospects and its operations were materially false and misleading at the time they were made.
On February 10, 2017, Home Capital Group Inc. disclosed that the Ontario Securities Commission has reached the preliminary conclusion that Home Capital Group Inc. failed to meet its continuous disclosure obligations” in 2014 and 2015 and served an enforcement notice on Home Capital Group Inc. The enforcement notice is related to Home Capital Group’s disclosure in 2015 of the discovery that some information on loan applications had been falsified and the subsequent remedial taken in response.
On March 27, 2017, Home Capital Group Inc announced the departure of the Company’s Chief Executive Officer (“CEO”) Martin Reid.
On April 19, 2017, , the Ontario Securities Commission alleged that Chief Financial Officer (“CFO”) Robert Morton and two former CEOs of Home Capital Group Inc, Gerald Soloway and Martin Reid, had unlawfully misled shareholders of the Company during their respective tenures.
On April 24, 2017, Home Capital Group Inc announced that Gerald Soloway, the Company’s founder, was resigning from Home Capital’s board, and that CFO Robert Morton would be reassigned to a new role within the Company.
On April 26, 2017, Home Capital Group Inc disclosed that the Company was seeking a $2 billion line of credit to backstop a significant decline in deposits at its Home Trust subsidiary.
Those who purchased shares of HOME CAPITAL GROUP COM NPV have certain options and should contact the Shareholders Foundation.
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