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General Growth Properties Inc (NYSE:GGP) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of General Growth Properties Inc (NYSE:GGP) and currently hold any of those NYSE:GGP shares, 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
General Growth Properties
Security
NYSE: GGP

Summary

July 14, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of General Growth Properties Inc (NYSE:GGP) was announced over potential breaches of fiduciary duties by certain officers and directors at General Growth Properties.

The investigation by a law firm concerns whether certain General Growth Properties directors breached their fiduciary duties and caused damage to the company and its shareholders.

General Growth Properties Inc reported that its annual Total Revenue declined from over $2.53 billion in 2014 to over $2.4 billion in 2015 and that its Net Income increased from $665.85 million in 2014 to over $1.37 billion in 2015.

Shares of General Growth Properties Inc (NYSE:GGP) grew from $19.12 per share in September 2013 to as high as $31.05 per share in January 2015.

On July 13, 2016, NYSE:GGP shares closed at $31.16 per share.

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