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Investigation announced for Long-Term Investors in shares of Welbilt, Inc. (NYSE: WBT)

08-05-2019 09:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Welbilt, Inc. (NYSE: WBT) shares over potential wrongdoing at Welbilt, Inc. (NYSE: WBT)

An investigation on behalf of investors in Welbilt, Inc. (NYSE: WBT) shares over potential wrongdoing at Welbilt, Inc. (NYSE: WBT)

Certain directors of Welbilt, Inc. (NYSE: WBT) are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Welbilt, Inc. (NYSE: WBT) and currently hold any of those NYSE: WBT shares 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 Welbilt directors breached their fiduciary duties and caused damage to the company and its shareholders.

On November 09, 2018, a lawsuit was filed against Welbilt, Inc. (NYSE: WBT) over alleged violations of Federal Securities Laws. The plaintiff alleged that Welbilt made materially false and/or misleading statements and/or failed to disclose that the Company lacked effective internal control over financial reporting, that the Company was incorrectly recording the tax basis of foreign subsidiaries and the amortization of their intangible assets, and that as a result of the foregoing, Defendants’ statements about Welbilt’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Welbilt, Inc. (NYSE: WBT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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