An investigation on behalf of investors in Sonic Automotive, Inc. (NYSE:SAH) shares over potential wrongdoing at Sonic Automotive, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/11/2020 -- An investigation on behalf of investors in shares of Sonic Automotive, Inc. (NYSE: SAH) was announced over potential breaches of fiduciary duties by certain officers and directors at Sonic Automotive, Inc.
Investors who purchased shares of Sonic Automotive, Inc. (NYSE: SAH) 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 whether certain Sonic Automotive, Inc. (NYSE: SAH officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Charlotte, NC based Sonic Automotive, Inc. operates as an automotive retailer in the United States. Sonic Automotive, Inc. reported that its annual Total Revenue rose from over $9.95 billlion in 2018 to over $10.45 billion in 2019, and that its Net Income increased from $51.60 million in 2018 to $144.13 million in 2019.
Shares of Sonic Automotive, Inc. (NYSE: SAH) declined from $33.54 per share in February 2020 to as low as $9.00 per share on March 19, 2020.
Those who purchased shares of Sonic Automotive, Inc. (NYSE: SAH), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.