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GMS Inc. (NYSE: GMS) Investor Investigation Over Possible Breaches of Fiduciary Duties Announced

  • Investors, who purchased shares of GMS Inc. (NYSE: GMS), have certain options and 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
GMS Inc.
Security
NYSE: GMS

Summary

An investigation on behalf of investors in shares of GMS Inc. (NYSE: GMS) was announced over potential breaches of fiduciary duties by certain officers and directors at GMS Inc.

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

Tucker, GA based GMS Inc. distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. GMS Inc. reported that its Total Revenue rose from over $2.31 billion for the 12 months period that ended on April 30, 2017 to over $2.51 billion for the 12 months period that ended on April 30, 2018 and that its Net Income over those respective time periods increased from $48.88 million to $62.97 million.

Shares of GMS Inc. (NYSE: GMS) declined from $39.98 per share in late 2017 to as low as $23.50 per share in late June 2018.

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