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Sonic Automotive eyes strategic options — maybe IPO — for EchoPark used-car subsidiary
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Sonic Automotive, inc (SAH) Q2 2021 Earnings Call Transcript
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Sonic Automotive, inc (SAH) Q2 2021 Earnings Call Transcript
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The ten biggest companies in automotive retailing, services industry
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NEW YORK, May 11, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Sonic Automotive, Inc. ( Sonic or the Company ) (NYSE: SAH). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Sonic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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.