TheStreet, Inc. Investor Alert: Investigation over potential Wrongdoing

An investigation on behalf of current long term investors in TheStreet, Inc. shares was announced and NASDAQ-TST stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
Feb. 12, 2013 - PRLog -- An investigation on behalf of current long-term investors in shares of TheStreet, Inc.  concerning whether certain directors and officers of TheStreet, Inc. breached of fiduciary duties in connection with certain statements.

Investors who are current long term investors in TheStreet, Inc.  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 TheStreet officers and directors breached their fiduciary duties and caused damage to the company and its shareholders. More specifically, the investigation relates to a civil lawsuit filed by the Securities and Exchange Commission (“SEC”) against TheStreet, Inc. alleging the Company improperly recognized revenue throughout 2008 at a former subsidiary of the Company.

TheStreet, Inc. reported that its annual Revenue declined from $70.85 million in 2008 to $57.76 million in 2011 and its Net Income of $0.55 million in 2008 decreased to a Net Loss of $8.18 million in 2011.

Shares of TheStreet, Inc.  declined from $3.60 per share in April 2011 to as low as $1.37 per share in August 2012.

On Jan 18, 2013, NASDAQ-TST shares closed at $1.60 per share.

Those who are current long term investors in TheStreet, Inc.  shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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Tags:Thestreet
Industry:Business, Fashion
Location:San Diego - California - United States
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