Shareholders Foundation, Inc.

Harbinger Group Inc (NYSE:HRG) Stockholder Investigation over Possible Violations of Securities Laws

An investigation for investors in Harbinger Group Inc (NYSE:HRG) shares over potential securities laws violations by Harbinger Group Inc was announced and NYSE:HRG stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
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San Diego, CA -- (SBWIRE) -- 12/19/2012 -- An investigation on behalf of investors of Harbinger Group Inc (NYSE:HRG) shares over potential securities laws violations by Harbinger Group Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Harbinger Group Inc (NYSE:HRG), 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 focuses on possible claims on behalf of purchasers of the securities of Harbinger Group Inc (NYSE:HRG) concerning whether a series of statements by Harbinger Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Harbinger Group Inc (NYSE:HRG) reported that its Total Revenue rose from over $3.22 billion for the 12 month period that ended Sept. 30, 2011 to over $3.3 billion for the 12 months period that ended on Sept. 30, 2012 and that its Net Income for the respective time periods increased from $42.06 million to $89.56 million.

Shares of Harbinger Group Inc (NYSE:HRG) grew from $4.62 per share in June 2012 to as high as $10.60 per share on December 11, 2012.

Then, on December 12, 2012, Harbinger Group Inc announced the commencement of a Secondary Common Stock Offering by selling stockholders and on December 13, 2012, announced the pricing of the Secondary Common Stock Offering.

Shares of Harbinger Group Inc (NYSE:HRG) dropped from $10.65 per share on Dec.12, 2012, to as low as $7.50 on Dec. 13, 2012.

Those who purchased shares of Harbinger Group Inc (NYSE:HRG) 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