Investigation Overview
April 21, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of CSW Industrials Inc (NASDAQ:CSWI) was announced over potential breaches of fiduciary duties by certain officers and directors at CSW Industrials.
The investigation by a law firm concerns whether certain CSW Industrials officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
CSW Industrials Inc reported that its Total Revenue increased from $231.71 million for the 12 months period that ended on March 31, 2014 to $261.83 million for the 12 months period that ended on March 31, 2015 and that its respective Net income increased from $24.73 million to $29.70 million.
Shares of CSW Industrials Inc (NASDAQ:CSWI) closed on April 27, 2016, at $32.17 per share.