Press release
Investigation ongoing for Investors in Xylem Inc. (NYSE: XYL) over potential Wrongdoing
An investigation on behalf of investors in Xylem Inc. (NYSE: XYL) shares over potential wrongdoing at Xylem Inc. was announced.
Investors who purchased shares of Xylem Inc. (NYSE: XYL) 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 Xylem Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Washington, DC based Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. Xylem Inc. reported that its annual Total Revenue rose from over $5.19 billion in 2021 to over $5.52 billion in 2022 and that its Net Income declined from $427 million in 2021 to $355 million in 2022.
On August 9, 2023, before the market opened, the investment firm Spruce Point Capital Management, LLC released a report entitled "A Leak in the Bull Case" (the "Report"), in which it outlined why it believes the price of Xylem stock will decline. Among other things, the Report alleged that certain financial figures which had been presented to investors regarding Xylem's 2023 acquisition of Evoqua were false.
Shares of Xylem Inc. (NYSE: XYL) declined from $118.58 per share on January 13, 2023, to as low as $89.50 per share on October 04, 2023.
Those who purchased shares of Xylem Inc. (NYSE: XYL) 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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