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Asbury Automotive Group, Inc. (NYSE:ABG) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Asbury Automotive Group, Inc. (NYSE:ABG), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Asbury Automotive Group, Inc.
Security
NYSE: ABG

Summary

October 28, 2013 (Shareholders Foundation) - An investigation on behalf of investors in shares of Asbury Automotive Group, Inc. (NYSE:ABG) was announced concerning whether certain Asbury Automotive Group officers and directors possibly breached their fiduciary duties.

The investigation by a law firm concerns, among other things, whether certain Asbury Automotive Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Asbury Automotive Group, Inc. (NYSE:ABG) reported that its annual Total Revenue rose from over $3.23 billion in 2009 to over $4.64 billion in 2012 and that its respective Net Income increased from $13.40 million to $82.20 million.

Shares of Asbury Automotive Group, Inc. (NYSE:ABG) grew from $2.29 per share in march 2009 to as high as $55.61 per share on October 2, 2013.

On October 24, 2013, NYSE:ABG shares closed at $48.99 per share.

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