An investigation for investors in Flowserve Corp (NYSE:FLS) shares over potential securities laws violations by Flowserve was announced.
San Diego, CA -- (SBWIRE) -- 08/08/2017 -- Flowserve Corp is under investigation over possible securities laws violations. The investigation was announced for investors in NYSE:FLS shares in connection with certain financial statements made by Flowserve Corp.
Investors who purchased shares of Flowserve Corp (NYSE:FLS), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Flowserve regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 27, 2017, Flowserve Corp announced its Second Quarter 2017 Results. Flowserve Corp announced that "certain immaterial accounting errors were identified in prior period financial statements for the period beginning in 2013 through the first quarter of 2017…" In addition, "the Company determined material weakness existed in its internal control structure at year-end 2016 and continued through the end of the 2017 second quarter." Shares of Flowserve Corp (NYSE:FLS) declined to $40.24 per share on July 28, 2017.
On August 7, 2017, NYSE:FLS shares closed at $40.55 per share.
Those who purchased shares of Flowserve Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego