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Investors who purchased shares of Lifetime Brands, Inc. (NASDAQ: LCUT) and currently hold any of those Lifetime Brands, Inc. (NASDAQ: LCUT shares have certain options and 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 Lifetime Brands, Inc. (NASDAQ: LCUT) was announced over potential breaches of fiduciary duties by certain officers and directors at Lifetime Brands, Inc.
The investigation by a law firm concerns whether certain Lifetime Brands, Inc. (NASDAQ: LCUT officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Garden City, NY based Lifetime Brands, Inc. designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. Lifetime Brands, Inc. reported that its annual Total Revenue declined from $592.61 million in 2016 to $579.47 million in 2017 and that its Net Income fell from $15.72 million in 2016 to $2.15 million in 2017.
Shares of Lifetime Brands, Inc. (NASDAQ: LCUT) declined from $20.75 per share in April 2017 to as low as $8.01 per share in December 2018.
