Energy News / Shareholders Foundation, Inc.

HC2 Holdings Inc (NYSEMKT:HCHC) Investor Investigation over Potential Breaches of Fiduciary Duties

Via: ReleaseWire

Updated 8:45 AM CDT, Wed, March 11,2015

An investigation on behalf of investors in HC2 Holdings Inc (NYSEMKT:HCHC) shares over potential wrongdoing at HC2 Holdings Inc was announced and NYSEMKT:HCHC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 03/11/2015 -- An investigation on behalf of current long-term investors in shares of HC2 Holdings Inc (NYSEMKT:HCHC) shares was announced over potential breaches of fiduciary duties by certain officers and directors at HC2 Holdings.

Investors who purchased shares of HC2 Holdings Inc (NYSEMKT:HCHC) and currently hold any of those NYSEMKT:HCHC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain HC2 Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

HC2 Holdings Inc reported that its annual Total Revenue declined from $411.98 million in 2011 to $230.69 million in 2013 and that its Net Loss of $38.73 million in 2011 turned intot a Net Income of $111.61 million in 2013. Shares of HC2 Holdings Inc (NYSEMKT:HCHC) grew from $2.70 per share in late 2013 to as high as $8.43 per share in late December 2014.

On March 9, 2015, NYSEMKT:HCHC shares closed at $8.35 per share.

Those who purchased shares of HC2 Holdings Inc (NYSEMKT:HCHC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/hc2-holdings-inc-nysemkthchc-investor-investigation-over-potential-breaches-of-fiduciary-duties-585601.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com