NEW ORLEANS, March 19, 2021 / PRNewswire / – Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner in law firm Kahn Swick & Foti, LLC (“KSF”), announced that KSF has initiated an investigation against Sonic Automotive, Inc. (NYSE: SAH).
On October 7, 2020News sources reported that the company’s chief executive officer, David Bruton Smith, was arrested and charged with choking and wrongdoing for wrongful imprisonment, assaulting a woman, and disrupting emergency communications. Shortly thereafter, the company’s board of directors issued a statement confirming that the company “continues to be steadfast for them [its] THE PRESIDENT. “
Then next March 1, 2021News sources reported that Smith had been charged by a Mecklenburg County, NC Grand jury over all four charges related to the October 2020 Arrest after District of Mecklenburg District Attorney’s Office.
KSF’s investigation is focused on whether Sonic’s officers and / or directors have violated their fiduciary duty to Sonic’s shareholders or have otherwise violated state or federal law.
If you have information that would assist KSF with the investigation, or have been a long-term owner of Sonic stock and would like to discuss your legal rights, please call 1-877-515-1850 or email KSF toll free with no obligation or cost Managing Partner Lewis Kahn ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-sah/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the leading securities dispute law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by listed companies. KSF has offices in new York, California and Louisiana.
To learn more about KSF, please visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Executive Partner
1100 Poydras St., Suite 3200
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC