Investigation Overview
An investigation on behalf of investors in shares of Ashford Inc. (NYSE: AINC) was announced over potential breaches of fiduciary duties by certain officers and directors at Ashford Inc.
The investigation by a law firm concerns whether certain Ashford officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dallas, TX based Ashford Inc. is an asset management firm that provides investment management and related services to the real estate and hospitality sectors. Ashford Inc. reported that its annual Total Revenue rose from $67.6 million in 2016 to $81.57 million in 2017 and that its Net Loss increased from $2.39 million in 2016 to $18.35 million in 2017.
Shares of Ashford Inc. (NYSE: AINC) reached $111 per share in November 2017.