An investigation on behalf of investors in Lamar Advertising Company (REIT) (NASDAQ: LAMR) shares over potential wrongdoing at Lamar Advertising Company was announced.
San Diego, CA -- (SBWIRE) -- 05/10/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Lamar Advertising Company.
Investors who purchased shares of Lamar Advertising Company (REIT) (NASDAQ: LAMR) and currently hold any of those NASDAQ: LAMR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Lamar Advertising Company (REIT) directors breached their fiduciary duties and caused damage to the company and its shareholders.
Baton Rouge, LA based Lamar Advertising is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar Advertising Company reported that its annual Total Revenue rose from over $1.54 billion in 2017 to over $1.62 billion in 2018 and that its Net Income decreased from $317.67 million in 2017 to $305.23 million in 2018.
Shares of Lamar Advertising Company (REIT) (NASDAQ: LAMR) closed on May 2, 2019 at $80.42 per share.
Those who purchased shares of Lamar Advertising Company (REIT) (NASDAQ: LAMR), have certain options and should contact the Shareholders Foundation.
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