An investigation on behalf of investors in Flexsteel Industries, Inc. (NASDAQ:FLXS) shares over potential wrongdoing at Flexsteel Industries was announced.
San Diego, CA -- (SBWIRE) -- 11/03/2017 -- An investigation on behalf of investors in NASDAQ:FLXS shares was announced concerning possible breaches of fiduciary duties by certain Flexsteel Industries directors.
Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) 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 Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dubuque, IA based Flexsteel Industries, Inc. is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $500.11 million for the 12 months period that ended on June 30, 2016 to $468.76 million for the 12 months period that ended on June 30, 2017 and that its Net Income for those respective time periods decreased from $24.24 million to $23.79 million.
Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) declined from $62.42 per share in December 2016 to $44.41 per share in August 2017.
Those who purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS), 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