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Investors who purchased shares of The Madison Square Garden Company (NYSE: MSG) and currently hold any of those NYSE: MSG shares have certain options and should contact the Shareholders Foundation, Inc.
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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
An investigation on behalf of current long-term investors in shares of The Madison Square Garden Company (NYSE: MSG) was announced over potential breaches of fiduciary duties by certain officers and directors at The Madison Square Garden Company.
The investigation by a law firm concerns whether certain The Madison Square Garden Company directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The Madison Square Garden Company reported that its Total Revenue rose from over $1.31 billion for the 12 months period that ended on June 30, 2017 to over $1.55 billion for the 12 months period that ended on June 30, 2018 and that its Net Loss of $72.72 million turned to a Net Income of $141.59 million for those respective time periods.
Shares of The Madison Square Garden Company (NYSE: MSG) declined from $318.50 per share on July 6, 2018 to as low as $240.33 per share on December 24, 2018.
