An investigation on behalf of investors in Manitowoc Foodservice Inc (NYSE:MFS) shares over potential wrongdoing at Manitowoc Foodservice Inc was announced and NYSE:MFS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/22/2016 -- An investigation for investors in shares of Manitowoc Foodservice Inc (NYSE:MFS) was announced over potential breaches of fiduciary duties by certain officers and directors.
Investors who purchased shares of Manitowoc Foodservice Inc (NYSE:MFS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Manitowoc Foodservice directors breached their fiduciary duties and caused damage to the company and its shareholders
Manitowoc Foodservice Inc reported that its annual Total Revenue declined from ovr $1.58 billion in 2014 to over $1.57 billion in 2015 and that its respective Net Income declined from $161.30 million to $157 million.
Shares of Manitowoc Foodservice Inc (NYSE:MFS) grew from $12.25 per share in February 2016 to as high as $18.31 per share on July 12, 2016.
On July 21, 2016, NYSE:MFS shares closed at $17.70 per share.
Those who purchased shares of Manitowoc Foodservice Inc 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