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Albany International Corp. (NYSE:AIN) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Albany International Corp. (NYSE:AIN) and currently hold any of those NYSE:AIN shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Albany International Corp.
Security
NYSE: AIN

Summary

April 4, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Albany International Corp. (NYSE:AIN) was announced over potential breaches of fiduciary duties by certain officers and directors at Albany International Corp.

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

Rochester, NH based Albany International Corp. is focused on textiles and materials processing business. Albany International Corp. reported that its annual Total Revenue rose from $709.87 million in 2015 to $779.84 million in 2016 and that its Net Income declined from $57.28 million in 2015 to $52.73 million in 2016.

Shares of Albany International Corp. (NYSE:AIN) grew from $31.86 per share in February 2016 to as high as $49.25 per share in late 2016.

On April 7, 017, NYSE:AIN shares closed at $45.55 per share.

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