Investigation Overview
December 15, 2015 (Shareholders Foundation) - An investigation on behalf of current investors in shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) was announced over potential securities law violations by certain officers of Clear Channel Outdoor Holdings Inc.
The investigation by a law firm concerns the recent proposed private placement of senior notes by Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. reported that its annual Total Revenue increased from over $2.94 billion in 2013 to over $2.96 billion in 2014 and that its respective Net Loss declined from $48.46 million in 2013 to $9.59 million in 2014.
Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) declined from $11.56 per share in May 2015 to as low as $4.65 per share on December 9, 2015.