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If you are a current long-term stockholder of shares of First Potomac Realty Trust (NYSE:FPO), you have certain options and you should contact the Shareholders Foundation, Inc.
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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
April 23, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of First Potomac Realty Trust (NYSE:FPO) was announced concerning whether certain First Potomac Realty Trust officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain First Potomac Realty Trust officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
First Potomac Realty Trust reported that its annual Total Revenue increased from $171.19 million in 2011 to $193.32 million in 2012 while its Net Loss increased from $1.11 million in 2011 to $6.28 million in 2012.
Shares of First Potomac Realty Trust declined from almost $17 in early 2011 to as low as almost $11 in late 2012.
On April 23, 2013, NYSE:FPO shares closed at $16.05 per share.
