An investigation on behalf of investors in iHeartMedia Inc shares over potential wrongdoing at iHeartMedia Inc was announced and OTCMKTS:IHRT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/15/2016 -- An investigation on behalf of investors in shares of iHeartMedia Inc was announced over potential breaches of fiduciary duties by certain directors at iHeartMedia Inc
Investors who purchased shares of iHeartMedia Inc (OTCMKTS:IHRT) and currently hold any of those OTCMKTS:IHRT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain iHeartMedia directors breached their fiduciary duties and caused damage to the company and its shareholders.
iHeartMedia Inc reported that its annual Total Revenue declined from over $6.31 billion in 2014 to over $6.24 billion in 2015 and that its Net Loss declined from $793.76 million in 2014 to $754.62 million in 2015.
Shares of iHeartMedia Inc (OTCMKTS:IHRT) declined from $7.25 per share in June 2015 to as low as $0.72 per share on May 4, 2016.
On June 13, 2016, OTCMKTS:IHRT shares closed at $1.01 per share.
Those who purchased shares of iHeartMedia Inc (OTCMKTS:IHRT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego