An investigation on behalf of investors in Fossil Group Inc (NASDAQ:FOSL) shares over potential wrongdoing at Fossil Group Inc was announced and NASDAQ:FOSL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/22/2017 -- Certain directors of Fossil Group Inc are under investigation over possible wrongdoing. The investigation was announced for investors in shares of Fossil Group Inc (NASDAQ:FOSL) concerning potential breaches of fiduciary duties by certain officers and directors at Fossil Group Inc.
Investors who purchased shares of Fossil Group Inc (NASDAQ:FOSL) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Fossil Group Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
On May 9, 2017, Fossil reported a $(48.2) million net loss for the first quarter of fiscal 2017 compared to a profit of $5.8 million for the same quarter in 2016. Diluted (loss) per share was $(1.00), significantly steeper than the $(.27) loss analysts expected. The Company posted revenue of $581.8 million, lower than Wall Street's estimates for $591 million. Shares of Fossil Group Inc (NASDAQ:FOSL) declined from $36.61 per share in November 2016 to $12.08 per share on May 19, 2017
Those who purchased shares of Fossil Group Inc (NASDAQ:FOSL) have certain options and should contact the Shareholders Foundation.
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