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New York REIT Inc (NYSE:NYRT) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of New York REIT Inc (NYSE:NYRT), 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
New York REIT Inc
Security
NYSE: NYRT

Summary

December 16, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of New York REIT Inc (NYSE:NYRT) was announced over potential breaches of fiduciary duties by certain officers and directors at New York REIT Inc.

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

New York REIT Inc reported that its annual Total Revenue rose from $7.54 million in 2011 to $155.57 million in 2014 while its Net Loss increased from $3.42 million in 2011 to $93.03 million in 2014.

Shares of New York REIT Inc (NYSE:NYRT) closed on December 16, 2015, at $11.58 per share.

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