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iHeartMedia Inc (OTCMKTS:IHRT) Investor Investigation Over Potential Wrongdoing Announced

  • If you purchased shares of iHeartMedia Inc (OTCMKTS:IHRT) and currently hold any of those OTCMKTS:IHRT 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
iHeartMedia Inc
Security
OTCMKTS: IHRT

Summary

June 15, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of iHeartMedia Inc (OTCMKTS:IHRT) was announced over potential breaches of fiduciary duties by certain officers and directors at iHeartMedia Inc

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

iHeartMedia Inc reported that its annual Total Revenue declined from over $6.31 billion in 2014 to over $6.24 billion in 2015 and that its Net Loss declined from $793.76 million in 2014 to $754.62 million in 2015.

Shares of iHeartMedia Inc (OTCMKTS:IHRT) declined from $7.25 per share in June 2015 to as low as $0.72 per share on May 4, 2016.

On June 13, 2016, OTCMKTS:IHRT shares closed at $1.01 per share.

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