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Investigation announced for Investors in Textron Inc. (NYSE: TXT) over potential Wrongdoing

01-28-2020 08:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Textron Inc. (NYSE: TXT) shares.

An investigation on behalf of current long term investors in Textron Inc. (NYSE: TXT) shares.

An investigation on behalf of current long-term investors in shares of Textron Inc. (NYSE: TXT) concerning potential breaches of fiduciary duties by certain directors and officers of Textron Inc. was announced.

Investors who are current long term investors in Textron Inc. (NYSE: TXT) 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 for current long term investors in NYSE: TXT stocks follows a lawsuit filed against Textron Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TXT stocks, concerns whether certain Textron directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose that end-market sales of Arctic Cat products were slowing, resulting in a massive glut of old Arctic Cat inventory on dealers' floors, that in order to clear out this old inventory, the Company provided significant price discounts, which negatively impacted Textron's earnings, and that as a result, Textron's positive statements about Arctic Cat's business, operations, and prospects were false and misleading

Those who purchased shares of Textron Inc. (NYSE: TXT) 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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