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Shareholders Foundation, Inc. Logo

The Phoenix Companies, Inc. (NYSE:PNX) Investor Investigation over potential Wrongdoing

An investigation for investors in shares of The Phoenix Companies, Inc. (NYSE:PNX) over potential wrongdoing by certain officers and directors was announced and current long-term NYSE:PNX stockholders should contact the Shareholders Foundation.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Dec. 2, 2013 - An investigation on behalf of investors in shares of The Phoenix Companies, Inc. (NYSE:PNX) was announced concerning whether certain The Phoenix Companies, Inc. (NYSE:PNX officers and directors possibly breached their fiduciary duties in connection with certain statements.

Investors who purchased shares of The Phoenix Companies, Inc. (NYSE:PNX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com (mailto:mail@shareholdersfoundation.com) or call +1(858) 779 - 1554

The investigation by a law firm concerns, among other things, whether certain The Phoenix Companies, Inc. (NYSE:PNX officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.

On November 8, 2012, Phoenix Companies Inc. announced it is postponing the release of its third quarter 2012 financial results and conference call scheduled.  Phoenix Companies Inc. also disclosed that it will restate its GAAP financial statements for the years ended December 31, 2011, 2010 and 2009, the interim periods for 2011, and the first and second quarters of 2012.

Shares of The Phoenix Companies, Inc. declined from $29.77 per share on Nov. 6, 2012 to as low as $21.06 per share on Nov. 27, 2012.

On November 4, 2013, NYSE:PNX shares closed at $38.19 per share.

Those who are current long term stockholders in The Phoenix Companies, Inc. shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554

Contact
Shareholders Foundation, Inc.
+1-(858)-779-1554
mail@shareholdersfoundation.com

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Source:Shareholders Foundation, Inc.
Industry:Business, Finance
Tags:The Phoenix Companies, Phoenix Companies, nyse:pnx
Shortcut:prlog.org/12250627
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