Energy News / Shareholders Foundation, Inc.

NASDAQ: NNBR Shareholder Notice: Investigation Concerning Possible Wrongdoing at NN, Inc. Announced

Via: ReleaseWire

Updated 11:30 AM CDT, Tue, July 24,2018

An investigation on behalf of investors in NN, Inc. (NASDAQ: NNBR) shares over potential wrongdoing at NN, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 07/24/2018 -- An investigation was announced for investors in shares of NN, Inc. (NASDAQ: NNBR) over potential breaches of fiduciary duties by certain directors at NN, Inc.

Investors who purchased shares of NN, Inc. (NASDAQ: NNBR) 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 NN directors breached their fiduciary duties and caused damage to the company and its shareholders.

Johnson City, Tn based NN, Inc., a diversified industrial company, manufactures high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. NN, Inc. reported that its annual Total Revenue rose from $584.95 million in 2016 to $619.79 million in 2017 and that its Net Income increased from $6.66 million in 2016 to $163.05 million in 2017.

Shares of NN, Inc. (NASDAQ: NNBR) declined from as high as $32.90 per share in October 2017 to as low as $18.05 per share in early July 2018.

On July 23, 2018, NASDAQ: NNBR shares closed at $19.00 per share.

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

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-nnbr-shareholder-notice-investigation-concerning-possible-wrongdoing-at-nn-inc-announced-1016315.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com