An investigation for iStar Financial Inc. (NYSE:SFI) investors over potential breaches of fiduciary duties by certain directors of iStar Financial Inc. was announced and current long- NYSE:SFI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/08/2013 -- An investigation on behalf of current long term investors in shares of iStar Financial Inc. (NYSE:SFI) was announced concerning whether certain officers and directors of iStar Financial Inc. breached their fiduciary duties by paying certain top officials at iStar Financial Inc. excessive compensation.
Investors who are current long-term stockholders of shares of iStar Financial Inc. (NYSE:SFI I), 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 whether certain directors and officers of iStar Financial Inc. harmed the company by agreeing to pay certain of iStar Financial’s senior officers and executives excessive compensation.
iStar Financial Inc. (NYSE:SFI) reported that its annual Revenue declined from over $1.12 billion in 2008 to $391.91 million in 2011.
The total compensation of certain top officials at iStar Financial Inc. (NYSE:SFI) increased significantly between 2009 and 2011. For instance its Chairman and CEO’s pay increased from over $3 million in 2009 to over $25.91 million in 2011 and the CFO’s compensation rose from over $498,000 in 2009 to over $1.08 million in 2011.
Shares of iStar Financial Inc. (NYSE:SFI) closed on Jan. 7, 2013 at $8.41 per share.
Those who are current long-term stockholders of iStar Financial Inc. (NYSE:SFI) 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