Press release
Investigation announced for Investors in shares of Hudson Pacific Properties, Inc. (NYSE: HPP) over potential Wrongdoing
An investigation on behalf of investors in Hudson Pacific Properties, Inc. (NYSE: HPP) shares over potential wrongdoing.
Investors who purchased shares of Hudson Pacific Properties, Inc. (NYSE: HPP) 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 Hudson Pacific Properties, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Los Angeles, CA based Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific Properties, Inc. reported that its annual Total Revenue rose from $896,83 million in 2021 to over $1.02 billion in 2022, and that its Net Income Net Income of $10.04 million in 2021 turned into a Net Loss of $34.26 million in 2022.
On November 13, 2023, Bank of America analyst Camille Bonnel downgraded Hudson Pacific Properties, Inc to Underperform from Neutral, citing a tough operating environmental for office REITs partly stemming from weaker leasing volumes.
Shares of Hudson Pacific Properties, Inc. (NYSE: HPP) declined from $12.23 per share on February 02, 0223, to as low as $4.87 per share on November 13, 2023.
Those who purchased shares of Hudson Pacific Properties, Inc. (NYSE: HPP) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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