NASDAQ:STRS Shareholder Notice: Investigation over Potential Wrongdoing at Stratus Properties Inc.
An investigation on behalf of investors in Stratus Properties Inc. (NASDAQ:STRS) shares over potential wrongdoing at Stratus Properties Inc. was announced.
San Diego, CA -- (SBWire) -- 12/01/2020 --Certain directors of Stratus Properties Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Stratus Properties Inc. (NASDAQ: STRS) 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 Stratus Properties Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Austin, TX based Stratus Properties Inc., a real estate company, engages in the acquisition, entitlement, development, management, operation, and sale of commercial, and multi-and single-family residential real estate properties primarily in Austin, Texas. Stratus Properties Inc. reported that its annual Total Revenue declined from $87.60 million in 2018 to $30 million in 2019 and that EBIT declined from $3.56 million in 2018 to $1.18 million in 2019.
Shares of Stratus Properties Inc. (NASDAQ: STRS) closed on November 17, 2020, at $24.90 per share.
Those who purchased shares of Stratus Properties Inc. (NASDAQ: STRS), have certain options and should contact the Shareholders Foundation.
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