An investigation on behalf of investors in Score Media and Gaming Inc. (NASDAQ:SCR) shares over potential wrongdoing at Score Media and Gaming Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Score Media and Gaming Inc.
Investors who purchased shares of Score Media and Gaming Inc. (NASDAQ: SCR) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Score Media and Gaming directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based Score Media and Gaming Inc. operates as a sports media company in North America. On or about February 2021, Score Media and Gaming Inc. sold about 6 million shares of stock in its initial public stock offering (the "IPO") at $27 a share, raising nearly $162 million in new capital.
On July 13, 2021, Score Media and Gaming Inc. reported its financial results for the third fiscal quarter of 2021. Score Media reported GAAP loss per share of $0.78, missing consensus estimates by $0.48, and an EBITDA loss of $21.1 million, compared to an $8.7 million loss for the same period in the prior year.
Shares of Score Media and Gaming Inc. (NASDAQ: SCR) declined on July 19, 2021 to $13.74 per share.
Those who purchased shares of Score Media and Gaming Inc. (NASDAQ: SCR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.