An investigation on behalf of investors in Lifetime Brands Inc (NASDAQ:LCUT) shares over potential wrongdoing at Lifetime Brands Inc was announced and NASDAQ:LCUT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/04/2016 -- An investigation for shareholders of Lifetime Brands Inc (NASDAQ:LCUT) was announced over potential breaches of fiduciary duties by certain officers and directors at Lifetime Brands Inc.
Investors who purchased shares of Lifetime Brands Inc (NASDAQ:LCUT) 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 Lifetime Brands officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Lifetime Brands Inc reported that its annual Total Revenue rose from $486.84 million in 2012 to $586.01 million in 2014 while its Net Income declined from $20.95 million in 2012 to $1.54 million in 2014.
On November 5, 2015, Lifetime Brands Inc reported its financial results for the third quarter ended September 30, 2015. Shares of Lifetime Brands Inc (NASDAQ:LCUT) declined to as low as $12.66 per share on November 5, 2015.
On December 31, 2015 NASDAQ:LCUT shares closed at $13.26 per share.
Those who purchased shares of Lifetime Brands Inc (NASDAQ:LCUT) 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