The Shareholders Foundation announced that an investigation for investors in NYSE:TPC shares was initiated concerning whether certain Tutor Perini officers and directors possibly breached their fiduciary duties.
Investors who purchased shares of Tutor Perini Corp (NYSE:TPC) in 2009 or earlier and currently hold any of those NYSE:TPC shares 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, among other things, whether certain Tutor Perini officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.
Tutor Perini Corp (NYSE:TPC) reported that its annual Total Revenue increased from over $4.11 billion in 2012 to over $4.49 billion in 2014 and that its Net Loss of $265.40 million in 2012 turned into a Net Income of $107.94 million in 2014. Shares of Tutor Perini Corp. (NYSE:TPC) grew from $10.08 per share in October 2012 to as $31.98 per share in July 2014. Since then NYSE:TCP shares have lost significant value. In fact NYSE:TPC shares declined from almost $32 per share in July 2014 to as low as $20.28 per share in December 2014, respectively, $20.50 per share on June 1, 2015.
Those who purchased shares of Tutor Perini Corp (NYSE:TPC), 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