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Lifetime Brands Inc (NASDAQ:LCUT) Investor Investigation Over Possible Breaches Of Fiduciary Duties Was Announced

  • If you purchased shares of Lifetime Brands Inc (NASDAQ:LCUT), 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
Lifetime Brands Inc
Security
NASDAQ: LCUT

Summary

December 03, 2015 (Shareholders Foundation) - 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 officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Lifetime Brands Inc reported that its annual Total Revenue rose from $486.84 million in 2012 to $586.01 million in 2014 while its Net Income declined from $20.95 million in 2012 to $1.54 million in 2014.

On November 5, 2015, Lifetime Brands Inc reported its financial results for the third quarter ended September 30, 2015.

Shares of Lifetime Brands Inc (NASDAQ:LCUT) declined to as low as $12.66 per share on November 5, 2015.

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