An investigation on behalf of investors in Cavco Industries, Inc. (NASDAQ:CVCO) shares over potential wrongdoing at Cavco Industries, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/31/2023 -- An investigation was announced for current long-term investors in shares of Cavco Industries, Inc. (NASDAQ: CVCO) over potential breaches of fiduciary duties by certain directors at Cavco Industries, Inc.
Investors who purchased shares of Cavco Industries, Inc. (NASDAQ: CVCO) 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 Cavco Industries, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Phoenix, AZ based Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.
On November 8, 2018, Cavco Industries, Inc. revealed in an SEC filing that it had "received a subpoena from the SEC's Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company."
On February 4, 2019, Cavco Industries, Inc. revealed that it had received requests for additional documents. Cavco further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC's subpoenas and Cavco's independent investigation into the matter.
On September 2, 2021, the SEC filed a complaint against Cavco Industries, Inc., former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information.
Shares of Cavco Industries, Inc. (NASDAQ: CVCO) closed on October 27, 2023, at $251.78 per share.
Those who purchased shares of Cavco Industries, Inc. (NASDAQ: CVCO) 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
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.