An investigation on behalf of investors in KAR Auction Services Inc (NYSE:KAR) shares over potential wrongdoing at KAR Auction Services Inc was announced and NYSE:KAR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/20/2016 -- Certain directors are under investigation over possible wrongdoing. The investigation was announced on behalf of current long-term investors in shares of KAR Auction Services Inc over potential breaches of fiduciary duties by certain directors at KAR Auction Services Inc.
Investors who purchased shares of KAR Auction Services Inc (NYSE:KAR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain KAR Auction Services Inc (NYSE:KAR) officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
KAR Auction Services Inc reported that its annual Total Revenue rose from over $2.36 billion in 2014 to over $2.63 billion in 2015 and that oits Net Income grew from $169.30 million in 2014 to $214.60 million in 2015. Shares of KAR Auction Services Inc (NYSE:KAR) grew from $26.90 per share in October 2014 to as high as $42.99 per share on July 12, 2016.
On July 19, 2016, NYSE:KAR shares closed at $42.28 per share.
Those who purchased shares of KAR Auction Services Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com