October 8, 2013 (Shareholders Foundation) - An investigation on behalf of investors in shares of FBR & Co (NASDAQ:FBRC) was announced concerning whether certain FBR & Co officers and directors possibly breached their fiduciary duties.
The investigation by a law firm concerns, among other things, whether certain FBR & Co officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
FBR & Co (NASDAQ:FBRC) reported that its annual Total Revenue rose from $132.23 million in 2011 to $151.49 million in 2012 and that its Net Loss of $49.65 million in 2011 turned into a net Income of $29.69 million in 2012.
Shares of FBR & Co (NASDAQ:FBRC) grew to $30.75 per share in July 2013.
On Oct. 7, 2013, NASDAQ:FBRC shares closed at $25.86 per share.