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Tesoro Corporation (NYSE:TSO) Investor Investigation Concerning Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Tesoro Corporation (NYSE:TSO) and currently hold any of those NYSE:TSO 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
Tesoro Corporation
Security
NYSE: TSO

Summary

January 25, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Tesoro Corporation (NYSE:TSO) was announced over potential breaches of fiduciary duties by certain officers and directors at Tesoro.

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

Tesoro Corporation reported that its annual Total Revenue declined from over $40.63 billion in 2014 to $28.71 billion in 2015 and that its Net Income increased from $872 million in 2014 to over $1.54 billion in 2015.

Shares of Tesoro Corporation) grew from $70.01 per share in July 2016 to as high as $92.00 per share in December 2016.

On January 25, 2017, NYSE:TSO shares closed at $81.98 per share.

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