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iStar Financial Inc. (NYSE:SFI) Investor Investigation Over Executive Pay Announced

  • If you are a current long-term stockholder of shares of iStar Financial Inc. (NYSE:SFI), 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
iStar Financial
Security
NYSE: SFI

Summary

Jan. 07, 2013 (Shareholders Foundation) -- An investigation on behalf of current long term investors in shares of iStar Financial Inc. (NYSE:SFI) was announced concerning whether certain officers and directors of iStar Financial Inc. breached their fiduciary duties by paying certain top officials at iStar Financial Inc. excessive compensation.

The investigation by a law firm focuses on whether certain directors and officers of iStar Financial Inc. harmed the company by agreeing to pay certain of iStar Financials senior officers and executives excessive compensation.

iStar Financial Inc. (NYSE:SFI) reported that its annual Revenue declined from over $1.12 billion in 2008 to $391.91 million in 2011.

The total compensation of certain top officials at iStar Financial Inc. (NYSE:SFI) increased significantly between 2009 and 2011. For instance its Chairman and CEOs pay increased from over $3 million in 2009 to over $25.91 million in 2011 and the CFOs compensation rose from over $498,000 in 2009 to over $1.08 million in 2011.

Shares of iStar Financial Inc. (NYSE:SFI) closed on Jan. 7, 2013 at $8.41 per share.

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