An investigation on behalf of investors in Hovnanian Enterprises, Inc. (NYSE:HOV) shares over potential wrongdoing at Hovnanian Enterprises was announced and NYSE:HOV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/01/2015 -- An investigation for investors in NYSE:HOV shares was announced over potential breaches of fiduciary duties by certain Hovnanian Enterprises officers and directors.
Investors who purchased shares of Hovnanian Enterprises, Inc. (NYSE:HOV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Hovnanian Enterprises officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Hovnanian Enterprises, Inc. reported that its Total Revenue rose from over $1.13 billion for the 12 months that ended on October 31, 2011 to over $2.06 billion for the 12 months that ended on October 31, 2014 and that its Net Loss of $286.09 million for the 12 months that ended on October 31, 2011 turned into a Net Income of $307.14 million for the 12 months that ended on October 31, 2014.
Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) grew from $1.03 per share in October 2011 to as high as $7.00 per share in late 2012, respectively $6.63 per share in early 2014.
Since then NYSE:HOV shares lost significant value.
On June 30, 2015, NYSE:HOV shares closed at $2.66 per share.
Those who purchased shares of Hovnanian Enterprises, Inc. (NYSE:HOV) 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