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Investigation announced for Investors in NASDAQ: CVCO shares over possible Violations of Securities Laws by Cavco Industries, Inc. announced

08-16-2022 08:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential securities laws violations.

An investigation for investors in Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential securities laws violations.

An investigation was announced for investors of Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential securities laws violations by Cavco Industries, Inc. in connection with certain financial statements.

Investors who purchased shares of Cavco Industries, Inc. (NASDAQ: CVCO), 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 focuses on whether a series of statements by Cavco Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Phoenix, AZ based Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States.

On November 8, 2018, Cavco Industries, Inc. (NASDAQ: CVCO) announced executive leadership changes. Cavco Industries, Inc. said that the Company's Board of Directors has appointed Daniel Urness as President and Acting Chief Executive Officer, effective immediately.

On February 4, 2019, Cavco Industries, Inc revealed that it had received requests for additional documents. Cavco Industries, Inc further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC's subpoenas and Cavco's independent investigation into the matter.

On September 2, 2021, the SEC filed a complaint against Cavco Industries, Inc, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information.

Shares of Cavco Industries, Inc. (NASDAQ: CVCO) closed on August 15, 2022, at $286.57 per share.

Those who purchased shares of Cavco Industries, Inc. (CVCO) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
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 lawsuits, 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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