Key Developments: St. Joe Co (JOE)
20.47USD
22 May 2013
$-0.52 (-2.48%)
$20.99
$21.01
$21.12
$20.30
451,037
438,615
$24.44
$14.32
Latest Key Developments (Source: Significant Developments)
The St. Joe Company Announces Thomas Hoyer As New Chief Financial Officer
The St. Joe Company announced that Thomas Hoyer will join the Company as Chief Financial Officer (CFO) effective March 19, 2012. Hoyer will replace Janna Connolly who has held the position since May 2011 and has resigned to pursue other opportunities. Full Article
Law Offices of Howard G. Smith Announces Investigation Of The St. Joe Company
Law Offices of Howard G. Smith announced that it is investigating potential claims against The St. Joe Company, concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The Company , together with its subsidiaries, operates as a real estate development company in Florida. The investigation concerns the Company’s July 1, 2011 announcement that on June 24, 2011 the Company received notice from the Securities and Exchange Commission (SEC) that it has issued an order of private investigation related to a previously disclosed SEC informal inquiry into the Company’s policies and practices concerning impairment of investment in real estate assets. According to the Company, the order of private investigation covers a variety of matters for the period beginning January 1, 2007 including the antifraud provisions of the Federal securities laws as applicable to the Company and its past and present officers, directors, employees, partners, subsidiaries, and/or affiliates, and/or other persons or entities; compliance by past and present reporting persons or entities who were or are directly or indirectly the beneficial owner of more than 5% of the Company’s common stock (which includes Fairholme Funds, Inc., Fairholme Capital Management L.L.C. and the Company's current Chairman Bruce R. Berkowitz) with their reporting obligations under Section 13(d) of the Exchange Act; internal controls; books and records; communications with auditors; and financial reports. Full Article
The Shuman Law Firm Announces Investigation of The St. Joe Corporation
The Shuman Law Firm today announced that it is investigating potential claims against certain officers and directors of The St. Joe Company. On July 1, 2011, St. Joe disclosed that “On June 24, 2011, the Company received notice from the Securities Exchange Commission (“SEC”) that it has issued a related order of private investigation.” According to the filing, the order of private investigation “covers a variety of matters for the period beginning January 1, 2007 including (a) the antifraud provisions of the Federal securities laws as applicable to the Company and its past and present officers, directors, employees, partners, subsidiaries, and/or affiliates, and/or other persons or entities, (b) compliance by past and present reporting persons or entities who were or are directly or indirectly the beneficial owner of more than 5% of the Company’s common stock (which includes Fairholme Funds, Inc., Fairholme Capital Management L.L.C. and the Company’s current Chairman Bruce R. Berkowitz) with their reporting obligations under Section 13(d) of the Exchange Act, (c) internal controls, (d) books and records, (e) communications with auditors and (f) financial reports.” In addition, the order designates officers of the SEC to take the testimony of the Company and third parties with respect to any or all of matters. Full Article
St Joe investors lose in court; Einhorn had shorted stock
- A federal appeals court has made it harder for investors to rely on reports from short sellers when bringing securities fraud lawsuits, in a case against a Florida developer long criticized by prominent hedge fund manager David Einhorn.
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