Shareholders Foundation, Inc.

NYSE:PNX Stockholder Alert: Investigation over Potential Wrongdoing at the Phoenix Companies, Inc.

An investigation on behalf of investors in The Phoenix Companies, Inc. (NYSE:PNX) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:PNX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (SBWIRE) -- 01/28/2013 -- An investigation on behalf of investors in shares of The Phoenix Companies, Inc. (NYSE:PNX) concerning whether certain directors and officers of The Phoenix Companies, Inc. breached of fiduciary duties in connection with certain statements.

Investors who purchased shares of The Phoenix Companies, Inc. (NYSE:PNX) shares, 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 concerns whether certain Phoenix Companies officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On November 8, 2012, Phoenix Companies Inc. announced it is postponing the release of its third quarter 2012 financial results and conference call scheduled. Phoenix Companies Inc. also disclosing that it will restate its GAAP financial statements for the years ended December 31, 2011, 2010 and 2009, the interim periods for 2011, and the first and second quarters of 2012.

Shares of the Phoenix Companies, Inc. (NYSE:PNX) declined from $29.77 per share on November 6th to as low as $21.06 per share on November 27, 2012.

On Jan. 25, 2013, NYSE:PNX shares closed at $26.91 per share.

Those who purchased shares of The Phoenix Companies, Inc. (NYSE:PNX) 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