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If you purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) and currently hold any of those NASDAQ:FLXS 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
An investigation on behalf of current long-term investors in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries.
The investigation by a law firm concerns whether certain Flexsteel Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dubuque, IA based Flexsteel Industries, Inc. is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $500.11 million for the 12 months period that ended on June 30, 2016 to $468.76 million for the 12 months period that ended on June 30, 2017 and that its Net Income for those respective time periods decreased from $24.24 million to $23.79 million.
Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) declined from $62.42 per share in December 2016 to $44.41 per share in August 2017.
