TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

KLX Inc (NASDAQ:KLXI) Investor Investigation Over Potential Securities Laws Violations Announced

  • If you purchased shares of KLX Inc (NASDAQ:KLXI), 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
KLX Inc
Security
NASDAQ: KLXI

Summary

November 18, 2015 (Shareholders Foundation) - An investigation on behalf of investors of KLX Inc (NASDAQ:KLXI) shares over potential securities laws violations by KLX and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of KLX Inc (NASDAQ:KLXI) concerning whether a series of statements by KLX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

KLX Inc reported that its annual Total Revenue rose from over $1.29 billion in 2013 to over $1.69 billion in 2014 while its Net Income declined from $150.40 million in 2013 to $88.10 million.

On November 12, 2015, KLX announced that it expects to recognize a non-cash, after-tax asset impairment charge of approximately $435 million related to its Energy Services Group.

Shares of KLX Inc (NASDAQ:KLXI) declined to as low as $28.35 per share on November 18, 2015.

Start Monitoring Your Investments