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Townsquare Media Inc (NYSE:TSQ) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Townsquare Media Inc (NYSE:TSQ), 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
Townsquare Media Inc
Security
NYSE: TSQ

Summary

April 6, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Townsquare Media Inc (NYSE:TSQ) was announced over potential breaches of fiduciary duties by certain officers and directors at Townsquare Media.

The investigation by a law firm concerns whether certain Townsquare Media Inc (NYSE:TSQ officers and directors breached their fiduciary duties.

Townsquare Media Inc reported that its annual Total Revenue rose from $373.89 million in 2014 to $441.22 million in 2015 and that its Net Loss of $17.37 million in 2014 turned into a Net Income of $9.83 million in 2015.

Shares of Townsquare Media Inc (NYSE:TSQ) reached as high as $13.98 per share in July 2015 and declined in January 2016 to as low as $8.90 per share.

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