Resource Capital Corp.
|Company Name||Resource Capital Corp.|
The Firm 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 or by email to firstname.lastname@example.org. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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