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J Alexanders Holdings Inc (NYSE:JAX) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of J Alexanders Holdings Inc (NYSE:JAX), 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
Security
NYSE: JAX

Summary

An investigation on behalf of investors in shares of J Alexanders Holdings Inc (NYSE:JAX) was announced over potential breaches of fiduciary duties by certain directors at J Alexanders Holdings Inc.

The investigation by a law firm concerns whether certain J Alexanders Holdings officers and directors breached their fiduciary duties.

Nashville, TN based J. Alexander's Holdings, Inc., through its subsidiaries, owns and operates three complementary dining restaurant concepts: J. Alexander's, Redlands Grill and Stoney River Steakhouse and Grill (Stoney River). J Alexanders Holdings Inc reported that its Total Revenue rose from $217.91 million for the 53 weeks period that ended on January 3, 2016 to $219.58 million for the 52 weeks period that ended on January 1, 2017 and that its Net Income for those respective time periods increased from $5.78 million to $7.48 million.

Shares of J Alexanders Holdings Inc (NYSE:JAX) declined from $12.25 per share in June 2017 to $9.40 per share in August 2017.

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