An investigation for Star Scientific, Inc. (NASDAQ:STSI) investors over potential breaches of fiduciary duties by certain directors of Star Scientific, Inc. was announced and current long-term NASDAQ:STSI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/18/2012 -- An investigation on behalf of current long term investors in shares of Star Scientific, Inc. (NASDAQ:STSI) was announced concerning whether certain officers and directors of Star Scientific, Inc. breached their fiduciary duties in connection with the compensation paid to certain top officials at Star Scientific, Inc.
Investors who are current long-term stockholders of shares of Star Scientific, Inc. (NASDAQ:STSI 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 Star Scientific, Inc. harmed the company by agreeing to pay certain of Star Scientific’s senior officers and executives improper compensation.
Star Scientific, Inc. reported that its annual Revenue rose from $0.85 million for 2010 to $1.73 million for 2011. However, its Net Loss increased from $28.28 million in 2010 to $37.99 million in 2011.
Shares of Star Scientific, Inc. (NASDAQ:STSI) declined from as high as $4.96 per share in July 2012 to as low as $1.61 per share in November 2012.
Those who are current long-term stockholders of Star Scientific, Inc. (NASDAQ:STSI) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com