An investigation on behalf of investors in Flexsteel Industries, Inc. (NASDAQ:FLXS) shares over potential wrongdoing at Flexsteel Industries, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/01/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries, Inc.
Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) 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 Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dubuque, IA based Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $443.58 million for the 12 months period that ended on June 30, 2018 to $366.92 million for the 12 months period that ended on June 30, 2020, and that its Loss before interest and taxes decreased over those respective time periods from $42.6 million to $33.67 million.
Those who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) have certain options and should contact the Shareholders Foundation.
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