Investigation announced for Investors in shares of Helios Technologies, Inc. (NYSE: HLIO) over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by Helios Technologies, Inc.

Investors who purchased shares of Helios Technologies, Inc. (NYSE: HLIO), 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 possible claims on behalf of purchasers of the securities of Helios Technologies, Inc. (NYSE: HLIO) concerning whether a series of statements by Helios Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Sarasota, FL based Helios Technologies, Inc., together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Helios Technologies, Inc. reported that its annual Total Revenue declined from $885.4 million in 2022 to $835.6 million in 2023, and that its Net Income declined from $98.4 million in 2022 to $37.5 million in 2023.

On July 9, 2024, Helios Technologies, Inc. formally announced that Josef Matosevic, who serves as the Company's President, Chief Executive Officer, and Director, was placed on an immediate paid leave, effective retroactively from July 1, 2024. This administrative action arose in response to allegations suggesting a potential violation of the Company's Code of Business Conduct and Ethics. The Company has initiated an internal investigation to thoroughly examine the circumstances surrounding these allegations.

Shares of Helios Technologies, Inc. (NYSE: HLIO) declined from $54.06 per share on May 20, 2024, to as low as $39.46 per share on July 09, 2024.

Those who purchased shares of Helios Technologies, Inc. (NYSE: HLIO) 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.

This release was published on openPR.