Energy News / Shareholders Foundation, Inc.

NASDAQ:FLXS Shareholder Notice: Investigation over Potential Wrongdoing at Flexsteel Industries, Inc

Via: ReleaseWire

Updated 10:12 AM CDT, Fri, November 03,2017

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

San Diego, CA -- (SBWIRE) -- 11/03/2017 -- An investigation on behalf of investors in NASDAQ:FLXS shares was announced concerning possible breaches of fiduciary duties by certain Flexsteel Industries directors.

Investors who purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.

Dubuque, IA based Flexsteel Industries, Inc. is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $500.11 million for the 12 months period that ended on June 30, 2016 to $468.76 million for the 12 months period that ended on June 30, 2017 and that its Net Income for those respective time periods decreased from $24.24 million to $23.79 million.

Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) declined from $62.42 per share in December 2016 to $44.41 per share in August 2017.

Those who purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS), 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/nasdaqflxs-shareholder-notice-investigation-over-potential-wrongdoing-at-flexsteel-industries-inc-887350.htm

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