Sonic Automotive Inc (NYSE:SAH) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

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Company Name(s): 
Sonic Automotive
Affected Securities: 

March 2, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Sonic Automotive Inc (NYSE:SAH) was announced over potential breaches of fiduciary duties by certain officers and directors at Sonic Automotive.

The investigation by a law firm concerns whether certain Sonic Automotive officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Charlotte, NC based Sonic Automotive Inc (NYSE:SAH) is an automotive retailer in the United States. Sonic Automotive Inc reported that its annual Total Revenue rose from over $9.62 billion in 2015 to over $9.73 billion in 2016 and that its Net Income increased from $88.09 million in 2015 to $94.52 million in 2016. Shares of Sonic Automotive Inc (NYSE:SAH) grew from $15.91 per share in February 2016 to as high as $27.45 per share on February 21, 2017.