Investigation Overview
An investigation on behalf of investors in shares of LSB Industries, Inc. (NYSE: LXU) was announced over potential breaches of fiduciary duties by certain officers and directors at LSB Industries, Inc.
The investigation by a law firm concerns whether certain LSB Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Oklahoma City, OK based LSB Industries, Inc. manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. LSB Industries, Inc. reported that its annual Total Revenue increased from $374.58 million in 2016 to $427.5 million in 2017 and that its Net Income of $112.16 million in 2016 declined to a Net Loss of $29.21 million in 2017. Shares of LSB Industries, Inc. (NYSE: LXU) declined from $9.98 per share on October 2018 to as $5.46 per share on December 21, 2018.