An investigation for investors in NYSE:TCO shares concerning potential violations of securities laws by Taubman Centers and certain of its directors and officers was announced.
Investors who purchased shares of Taubman Centers, Inc. (NYSE:TCO), 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 Taubman Centers, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bloomfield Hills, MI based Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust. Taubman Centers, Inc. reported that its annual Total Revenue declined from $679.13 million in 2014 to $557.17 million in 2015 and that its Net Income declined from $893.01 million in 2014 to $134.13 million in 2015.
Shares of Taubman Centers, Inc. (NYSE:TCO) declined from over $81 per share in August 2016 to as low as $69.72 per share on October 6, 2016.
On November 8, 2016, NYSE:TCO shares closed at $70.84
per share.
Those who purchased NYSE:TCO 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