Investigation Overview
April 18, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Howard Hughes Corp (NYSE:HHC) was announced over potential breaches of fiduciary duties by certain officers and directors at Howard Hughes Corp.
The investigation by a law firm concerns whether certain Howard Hughes officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Howard Hughes Corp reported that its annual Total Revenue rose from $797.09 million in 2015 to over $1.03 billion in 2016 and that its Net Income increased from $126.72 million in 2015 to $202.30 million in 2016.
Shares of Howard Hughes Corp (NYSE:HHC) grew from $85.03 per share in February 2016 to as high as $122.27 per share on April 18, 2017