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TheStreet, Inc. (NASDAQ:TST) Investor Investigation Over Potential Breaches Of Fiduciary Duties

  • If you are a current long term investor in TheStreet, Inc. (NASDAQ:TST) 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
TheStreet, Inc.
Security
NASDAQ: TST

Summary

Jan. 21, 2013 (Shareholders Foundation) -- An investigation on behalf of current long-term investors in shares of TheStreet, Inc. (NASDAQ:TST) concerning whether certain directors and officers of TheStreet, Inc. breached of fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain TheStreet officers and directors breached their fiduciary duties and caused damage to the company and its shareholders. More specifically, the investigation relates to a civil lawsuit filed by the Securities and Exchange Commission (SEC) against TheStreet, Inc. alleging the Company improperly recognized revenue throughout 2008 at a former subsidiary of the Company.

TheStreet, Inc. reported that its annual Revenue declined from $70.85 million in 2008 to $57.76 million in 2011 and its Net Income of $0.55 million in 2008 decreased to a Net Loss of $8.18 million in 2011.

Shares of TheStreet, Inc. (NASDAQ:TST) declined from $3.60 per share in April 2011 to as low as $1.37 per share in August 2012.

On Jan 18, 2013, NASDAQ:TST shares closed at $1.60 per share.

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