LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating Resource Capital Corp. (“RSO” or the “Company”) (NYSE: RSO) concerning possible violations of federal securities laws.
If you purchased or otherwise acquired RSO shares and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
On November 14, 2016, RSO released poor 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. When speaking with investors, RSO CEO Robert Lieber claimed RSO’s poor performance was due in part to disconnected business lines.
When this information was released to the public, RSO’s share fell almost 30%, to close on November 14, 2016 at $8.57, causing investors harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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