An investigation was announced for investors in NYSE:PDM shares over potential securities laws violations by Piedmont Office Realty Trust.
Investors who purchased shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM), 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 a series of statements by Piedmont Office Realty Trust regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 3, 2017, Piedmont Office Realty Trust, Inc reported its first quarter 2017 results and revealed that it had not properly accounted for goodwill regarding real estate assets sold or held for sale in prior periods. Due to these errors, Piedmont Office Realty Trust, Inc estimates a reduction in earnings for the years ended December 31, 2016, 2015 and 2014 of about $8.2 million, $41.7 million and $2.4 million, respectively.
Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) declined to $20.93 per share on May 4, 2017.
On May 26, 2017, NYSE:PDM shares closed at $21.37 per share.
Those who purchased NYSE:PDM 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