An investigation for investors in Townsquare Media Inc (NYSE:TSQ) shares over potential securities laws violations by Townsquare Media Inc was announced and NYSE:TSQ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/03/2017 -- An investigation was announced on behalf of investors of Townsquare Media Inc over potential securities laws violations by Townsquare Media Inc in connection certain financial statements.
Investors who purchased shares of Townsquare Media Inc (NYSE:TSQ), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements regarding Townsquare Media Inc's business, its prospects and its operations were materially false and misleading at the time they were made.
Townsquare Media Inc reported that its annual Total Revenue rose from $373.89 million in 2014 to $516.87 milion in 2016 and that its Net Loss of $17.37 million in 2014 turned into a Net Income of $23.06 million in 2016. Shares of Townsquare Media Inc (NYSE:TSQ) grew from $7.83 per share in June 2016 to as high as $13.01 per share on March 17, 2017.
On March 31, 2017, NYSE:TSQ shares closed at $12.18 per share.
Those who purchased shares of Townsquare Media Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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