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If you purchased shares of Dixie Group Inc (NASDAQ:DXYN) and currently hold any of those NASDAQ:DXYN shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
July 28, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Dixie Group Inc (NASDAQ:DXYN) was announced over potential breaches of fiduciary duties by certain officers and directors at Dixie Group.
The investigation by a law firm concerns whether certain Dixie Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dixie Group Inc reported that its Total Revenue rose from $344.37 million for the 12 months period that ended on December 28, 2013 to $422.48 million for the 12 months period that ended on December 26, 2015 while its Net Income of $5.56 million the 12 months period that ended on December 28, 2013declined to a Net Loss of $2.28 million the 12 months period that ended on December 26, 2015.
Shares of Dixie Group Inc (NASDAQ:DXYN) declined from $16.13 per share in April 2014 to as low as $3.00 per share in May 2016.
On July 27, 2016, NASDAQ:DXYN closed on July 27, 2016 at $3.91 per share.
