Press release
Investigation for NASDAQ: FLXS shares Investors over possible Wrongdoing at Flexsteel Industries, Inc. announced
An investigation on behalf of investors in Flexsteel Industries, Inc. (NASDAQ: FLXS) shares over potential wrongdoing.
Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) 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 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.
Shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) closed on November 2, 2020, at $29.69 per share.
Those who purchased shares of Flexsteel Industries, Inc. (NASDAQ: FLXS) 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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