An investigation for shareholders in KLX Inc (NASDAQ:KLXI) shares over potential securities laws violations by KLX was announced and NASDAQ:KLXI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/15/2015 -- An investigation for shareholders in NASDAQ:KLXI shares over potential securities laws violations by KLX was announced.
Investors who purchased shares of KLX Inc (NASDAQ:KLXI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by KLX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 12, 2015, KLX announced that it expects to recognize a non-cash, after-tax asset impairment charge of approximately $435 million related to its Energy Services Group. Shares of KLX Inc declined to as low as $28.35 per share on November 18, 2015.
On December 11, 2015, NASDAQ:KLXI shares closed at $32.48 per share.
Those who purchased shares of KLX Inc (NASDAQ:KLXI) 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