Steel Excel Inc (OTCMKTS:SXCL) Under Investor Investigation over Potential Breaches of Fiduciary Duties
An investigation on behalf of investors in Steel Excel Inc (OTCMKTS:SXCL) shares over potential wrongdoing at Steel Excel Inc was announced and OTCMKTS:SXCL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 07/22/2016 --An investigation for long-term investors in shares of Steel Excel Inc was announced over potential breaches of fiduciary duties by certain officers and directors.
Investors who purchased shares of Steel Excel Inc (OTCMKTS:SXCL) shares 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 Steel Excel officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Steel Excel Inc reported that its annual Total Revenue declined from $210.15 million in 2014 to $132.62 million in 2015.
Shares of Steel Excel Inc (OTCMKTS:SXCL) declined from $33.50 per share in August 2014 to as low as $9.21 per share in April 2016.
On July 21, 2016, OTCMKTS:SXCL shares closed at $10.05 per share.
Those who purchased shares of Steel Excel 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/708738