An investigation on behalf of investors in NYSE:LUB shares over potential wrongdoing at Luby’s, Inc. was announced and NYSE:LUB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/15/2016 -- An investigation on behalf of current long-term investors in shares of Luby's, Inc. was announced over potential breaches of fiduciary duties by certain directors at Luby's, Inc.
Investors who purchased shares of Luby's, Inc. (NYSE:LUB) 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 Luby's, Inc. directors breached their fiduciary duties.
Luby's, Inc. reported that its Total Revenue declined from $394.38 million for the 52 weeks period that ended on August 27, 014 to $394.08 million for the 52 weeks period that ended on August 26, 2015 and that its Net Loss for those respective time periods declined from $1.61 million to $1.37 million. Shares of Luby's, Inc. (NYSE:LUB) declined from as high as $8.98 per share in late 2013 to as low as $3.76 per share in early 2016.
On July 14, 2016, NYSE:LUB shares closed at $4.75 per share.
Those who purchased shares of Luby's, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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