San Diego, CA -- (SBWire) -- 03/11/2013 --An investigation on behalf of current long-term investors in shares of the CommonWealth REIT (NYSE:CWH) was announced concerning whether certain officers and trustees of the CommonWealth REIT breached their fiduciary duties and wasted corporate assets.
Investors who are current long term stockholders in CommonWealth REIT (NYSE:CWH) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in CommonWealth REIT (NYSE:CWH follows a lawsuit filed earlier against CommonWealth REIT over alleged securities laws violations.
The investigation on behalf of current long term investors in CommonWealth REIT (NYSE:CWH) stocks concerns whether certain CommonWealth REIT officers and trustees are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of Massachusetts the plaintiff alleges that CommonWealth REIT violated the Securities Exchange Act of 1934 by issuing materially allegedly false and misleading statements regarding CommonWealth REIT’s financial performance and future prospects.
CommonWealth REIT (NYSE:CWH) reported that its annual Revenue rose from $752.11 million in 2008 to $911.95 million in 2011. However its Net Income decreased from $244.65 million in 2008 to $109.98 million in 2011.
On August 8, 2012, CommonWealth REIT (NYSE: CWH) announced financial results for the quarter and six months ended June 30, 2012.
Shares of CommonWealth REIT (NYSE:CWH) declined from as high as $19.36 per share on July 20, 2012, to as low as $13.58 per share on October 26, 2012.
On March 8, 2013, NYSE:CWH shares closed at $22.18.
Those who are current long term investors in CommonWealth REIT (NYSE:CWH) shares, have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
CommonWealth REIT (NYSE:CWH) Investigation Alert: Long-Term Investors should act
An investigation on behalf of current long term investors in CommonWealth REIT (NYSE:CWH) shares over possible breaches of fiduciary duty was announced and NYSE:CWH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com