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) -- 01/08/2019 -- An investigation was announced concerning possible breaches of fiduciary duties by certain directors at Lifetime Brands, Inc.
Investors who purchased shares of Lifetime Brands, Inc. (NASDAQ: LCUT) and currently hold any of those Lifetime Brands, Inc. (NASDAQ: LCUT shares have 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 Lifetime Brands, Inc. (NASDAQ: LCUT officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Garden City, NY based Lifetime Brands, Inc. designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. Lifetime Brands, Inc. reported that its annual Total Revenue declined from $592.61 million in 2016 to $579.47 million in 2017 and that its Net Income fell from $15.72 million in 2016 to $2.15 million in 2017.
Shares of Lifetime Brands, Inc. (NASDAQ: LCUT) declined from $20.75 per share in April 2017 to as low as $8.01 per share in December 2018.
On January 7, 2019, NASDAQ: LCUT shares closed at $10.48 per share.
Those who purchased shares of Lifetime Brands, Inc. (NASDAQ: LCUT), have certain options and should contact the Shareholders Foundation.
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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.