Energy News / Shareholders Foundation, Inc.

NASDAQ:NNBR Investor Alert: Investigation over Potential Wrongdoing at NN, Inc

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, April 09,2018

An investigation on behalf of investors in NN, Inc. (NASDAQ: NNBR) shares over potential wrongdoing at NN, Inc. was announced and NASDAQ: NNBR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 04/09/2018 -- An investigation on behalf of investors in shares of NN, Inc. (NASDAQ:NNBR) was announced over potential breaches of fiduciary duties by certain officers and 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, Inc. 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 $667.28 million in 2015 to $833.48 million in 2016 and that its Net Loss of $6.7 million in 2015 turned to a Net Income of $7.65 million in 2016.

Shares of NN, Inc. (NASDAQ: NNBR) declined from as high as $32.90 per share in October 2017 to as low as $22.70 per share on March 23, 2018.

On April 2, 2018, NASDAQ: NNBR shares closed at $23.05 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/nasdaqnnbr-investor-alert-investigation-over-potential-wrongdoing-at-nn-inc-960512.htm

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