Energy News / Shareholders Foundation, Inc.

NYSE: WBT Long Term Investor Alert: Investigation of Potential Wrongdoing by Welbilt, Inc.

Via: ReleaseWire

Updated 12:41 PM CDT, Fri, August 16,2019

An investigation on behalf of current long term investors in Welbilt, Inc. (NYSE: WBT) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 08/16/2019 -- An investigation was announced for long-term investors in shares of Welbilt, Inc. (NYSE: WBT) concerning potential breaches of fiduciary duties by certain directors of Welbilt, Inc.

Investors who are current long term investors in Welbilt, Inc. (NYSE: WBT) shares, 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 for current long term investors in NYSE: WBT stocks follows a lawsuit filed against Welbilt, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: WBT stocks, concerns whether certain Welbilt, directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that Welbilt made materially false and/or misleading statements and/or failed to disclose that the Company lacked effective internal control over financial reporting, that the Company was incorrectly recording the tax basis of foreign subsidiaries and the amortization of their intangible assets, and that as a result of the foregoing, Defendants' statements about Welbilt's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of Welbilt, Inc. (NYSE: WBT) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-wbt-long-term-investor-alert-investigation-of-potential-wrongdoing-by-welbilt-inc-1256420.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com