Sonic Automotive, Inc. (NYSE:SAH) Investor Notice: Investigation over Potential Wrongdoing
An investigation on behalf of investors in Sonic Automotive, Inc. (NYSE:SAH) shares over potential wrongdoing at Sonic Automotive, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 05|18|2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Sonic Automotive, Inc. Investors who purchased shares of Sonic Automotive, Inc. (NYSE: SAH) 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 Sonic Automotive, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. Charlotte, NC based Sonic Automotive, Inc. operates as an automotive retailer in the United States. On February 18, 2021, an article was published about Sonic Automotive, Inc. entitled "CEO Charged With Choking Woman Garners Board Support, Not Rebuke: Governance watchdogs say a firmer response is needed after Sonic Automotive''s David Smith was charged with assaulting a woman." The Bloomberg article reported, in relevant part, on the October 2020 arrest of Sonic Chief Executive Officer ("CEO") David Smith, who "was charged with three misdemeanor counts and one for felony assault by strangulation, a charge that can carry a sentence of as long as two years in prison." The article reported that "[b]arely 24 hours after [Smith''s] release, Sonic''s boardmore than a quarter of which is made up of Smith family members, including the CEO''s father and 93-year-old founder O.
Sonic Automotive, Inc. (NYSE:SAH) Investor Notice: Investigation over Potential Wrongdoing
An investigation on behalf of investors in Sonic Automotive, Inc. (NYSE:SAH) shares over potential wrongdoing at Sonic Automotive, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 05|18|2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Sonic Automotive, Inc. Investors who purchased shares of Sonic Automotive, Inc. (NYSE: SAH) 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 Sonic Automotive, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. Charlotte, NC based Sonic Automotive, Inc. operates as an automotive retailer in the United States. On February 18, 2021, an article was published about Sonic Automotive, Inc. entitled "CEO Charged With Choking Woman Garners Board Support, Not Rebuke: Governance watchdogs say a firmer response is needed after Sonic Automotive''s David Smith was charged with assaulting a woman." The Bloomberg article reported, in relevant part, on the October 2020 arrest of Sonic Chief Executive Officer ("CEO") David Smith, who "was charged with three misdemeanor counts and one for felony assault by strangulation, a charge that can carry a sentence of as long as two years in prison." The article reported that "[b]arely 24 hours after [Smith''s] release, Sonic''s boardmore than a quarter of which is made up of Smith family members, including the CEO''s father and 93-year-old founder O.