Investigation Overview
An investigation on behalf of investors in shares of Weingarten Realty Investors (NYSE: WRI) was announced over potential breaches of fiduciary duties by certain officers and directors at Weingarten Realty Investors.
The investigation by a law firm concerns whether certain Weingarten Realty Investors directors breached their fiduciary duties and caused damage to the company and its shareholders. Houston, TX based Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. Weingarten Realty Investors reported that its annual Total Revenue declined from $486.62 million in 2019 to $433.91 million in 2020, and that its Net Income declined from $315.43 million in 2019 to $112.14 million in 2020. Shares of Weingarten Realty Investors (NYSE: WRI) closed on April 21, 2021, at $31.04 per share.