An investigation for investors in New York REIT Inc (NYSE:NYRT) shares over potential securities laws violations by New York REIT Inc was announced and NYSE:NYRT stockholders should contact the Shareholders Foundation.
An investigation for investors in NYSE:NYRT shares was announced over possible securities laws violations by New York REIT Inc and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of New York REIT Inc (NYSE:NYRT), 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 focuses on whether certain statements by New York REIT Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York REIT Inc reported that its annual Total Revenue rose from $15.42 million in 2012 to $174.52 million in 2015 while its Net Loss increased from $6.34 million in 2012 to $39.08 million in 2015. Shares of New York REIT Inc (NYSE:NYRT) declined from $11.60 per share in November 2015 to as low as $8.79 per share in May 2016
Shares of New York REIT Inc (NYSE:NYRT) closed on November 8, 2016, at $9.44 per share.
Those who purchased NYSE:NYRT 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