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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Resource Capital Corp. Resource Capital Corp. (delisted) | NYSE:RSO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.98 | 0 | 01:00:00 |
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Resource Capital Corp. (“RSO” or the “Company”) (NYSE: RSO) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 14, 2016, RSO revealed to investors disappointing results for the period ended September 30, 2016, including funds from operations of $12.9 million, or 42 cents per share, and a loss of $51.6 million, or $1.69 per share on revenues of $17.2 million. On a conference call with investors, RSO CEO Robert Lieber attributed the Company’s poor performance in part to disconnected business lines and vowed to divest certain Company assets to improve performance.
On this news the Company’s shares fell $3.60 per share, or almost 30%, to close on November 14, 2016 at $8.57 on unusually high volume.
If you purchased RSO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161222005771/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley Portnoy, 310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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