A lawsuit was filed by an investor in Howard Hughes Corp (NYSE:HHC) shares over alleged wrongdoing at Howard Hughes Corp and NYSE:HHC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/15/2017 -- An investor in shares of Howard Hughes Corp (NYSE:HHC) filed a lawsuit over the CEO's $50 million share purchase warrant award.
Investors who purchased shares of Howard Hughes Corp (NYSE:HHC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges that investors in NYSE:HHC shares were left in the dark about the CEO's share purchase warrant award of 2.5 million shares that was granted by the board of directors of Howard Hughes Corp. The plaintiff says that the CEO would generally pay a $20-per-share right to buy 2.5 million shares during a one-year period that begins five years after the award of the warrants.
Shares of Howard Hughes Corp (NYSE:HHC) grew from $85.03 per share in February 2016 to as high as $122.27 per share on April 18, 2017. Howard Hughes Corp reported that its annual Total Revenue rose from $797.09 million in 2015 to over $1.03 billion in 2016 and that its Net Income increased from $126.72 million in 2015 to $202.30 million in 2016.
Those who purchased shares of Howard Hughes Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego