An investigation on behalf of current long term investors in TheStreet, Inc. (NASDAQ:TST) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:TST stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 01/22/2013 -- An investigation on behalf of current long-term investors in shares of TheStreet, Inc. (NASDAQ:TST) concerning whether certain directors and officers of TheStreet, Inc. breached of fiduciary duties in connection with certain statements.
Investors who are current long term investors in TheStreet, Inc. (NASDAQ:TST) 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 TheStreet officers and directors breached their fiduciary duties and caused damage to the company and its shareholders. More specifically, the investigation relates to a civil lawsuit filed by the Securities and Exchange Commission (“SEC”) against TheStreet, Inc. alleging the Company improperly recognized revenue throughout 2008 at a former subsidiary of the Company.
TheStreet, Inc. reported that its annual Revenue declined from $70.85 million in 2008 to $57.76 million in 2011 and its Net Income of $0.55 million in 2008 decreased to a Net Loss of $8.18 million in 2011.
Shares of TheStreet, Inc. (NASDAQ:TST) declined from $3.60 per share in April 2011 to as low as $1.37 per share in August 2012.
On Jan 18, 2013, NASDAQ:TST shares closed at $1.60 per share.
Those who are current long term investors in TheStreet, Inc. (NASDAQ:TST) shares, have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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