NEW YORK, NY / ACCESSWIRE / May 4, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonic Automotive, Inc. ("Sonic" or "the Company") (NYSE:SAH). Investors who purchased Sonic securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/sah.
The investigation concerns whether Sonic and certain of its officers and/or directors have violated federal securities laws.
On October 7, 2020, news sources reported that the Company's Chief Executive Officer ("CEO"), David Bruton Smith, had been arrested and charged with felony assault by strangulation and misdemeanor charges of false imprisonment, assault on a female, and interfering with emergency communication. Shortly thereafter, the Company's Board of Directors issued a statement affirming that the Company "remains steadfast in its support of [its] CEO." Then, on March 1, 2021, news sources reported that Smith had been indicted by a Mecklenburg County, North Carolina grand jury on all four charges related to the October 2020 arrest.
If you are aware of any facts relating to this investigation, or purchased Sonic shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/sah. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC