San Diego, CA -- (SBWire) -- 04/11/2016 --An investigation for shareholders of Sears Holdings Corp (NASDAQ:SHLD) shares over potential securities laws violations by Sears Holdings in connection certain financial statements was announced.
Investors who purchased shares of Sears Holdings Corp (NASDAQ:SHLD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sears Holdings Corp (NASDAQ:SHLD) concerning whether a series of statements by Sears Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Hoffman Estates, IL based Sears Holdings Corporation is an integrated retailer and a holding company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Sears Holdings Corp reported that its Total Revenue declined from over $39.85 billion for the 52 weeks period that ended on February 2, 2013 to over $36.18 billion for the 52 weeks period that ended on February 1, 2014 and that its respective Net Loss increased from $930 million to over $1.36 billion. Shares of Sears Holdings Corp (NASDAQ:SHLD) declined from as high as $8.55 per share in March 2012 to as low as $32.62 per share in April 2014.
On September 15, 2014, Sears Holdings Corp, through Sears, Roebuck and Co., Sears Development Co., and Kmart Corporation ("Borrowers"), entities wholly-owned and controlled, directly or indirectly by Sears Holdings Corp, entered into a $400 million secured short-term loan (the "Loan") with JPP II, LLC and JPP, LLC (together, the "Lender"), entities affiliated with ESL Investments, Inc. ("Investments"). Mr. Edward S. Lampert, Sears Holdings Corp's Chief Executive Officer and Chairman, is the sole stockholder, chief executive officer and director of Investments.
Those who purchased shares of Sears Holdings Corp (NASDAQ:SHLD) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Sears Holdings Corp (NASDAQ:SHLD) Shareholder Alert: Investigation over Possible Securities Laws Violations
An investigation for investors in NASDAQ:SHLD shares over potential securities laws violations by Sears Holdings was announced and NASDAQ:SHLD stockholders should contact the Shareholders Foundation.