An investigation on behalf of investors in Flexsteel Industries, Inc. (NASDAQ:FLXS) shares over potential wrongdoing at Flexsteel Industries, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/01/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries, Inc.
Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dubuque, IA based Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $443.58 million for the 12 months period that ended on June 30, 2018 to $366.92 million for the 12 months period that ended on June 30, 2020, and that its Loss before interest and taxes decreased over those respective time periods from $42.6 million to $33.67 million.
Those who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.