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Investigation announced for Investors in shares of Cavco Industries, Inc. (NASDAQ: CVCO) over potential Wrongdoing

04-27-2023 05:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential wrongdoing.

An investigation on behalf of investors in Cavco Industries, Inc. (NASDAQ: CVCO) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Cavco Industries, Inc.

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 concerns whether certain Cavco Industries, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

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

On November 8, 2018, Cavco Industries, Inc. revealed in an SEC filing that it had "received a subpoena from the SEC's Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company."

On February 4, 2019, Cavco Industries, Inc. revealed that it had received requests for additional documents. Cavco 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 February 21, 2023, at $270.64 per share.

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

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 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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