An investigation on behalf of current long term investors in Washington Prime Group Inc. (NYSE:WPG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/21/2021 -- Certain directors of Washington Prime Group Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Washington Prime Group Inc. (NYSE: WPG) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: WPG stocks follows a lawsuit filed against Washington Prime Group Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: WPG stocks, concerns whether certain Washington Prime Group Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that Washington Prime Group Inc's financial condition was deteriorating substantially, that, as a result, there was substantial uncertainty about the Company's ability to meet its capital structure obligations as they became due, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Washington Prime Group Inc. (NYSE: WPG) have certain options and should contact the Shareholders Foundation.
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