Investigation Overview
July 15, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Lubys, Inc. (NYSE:LUB) was announced over potential breaches of fiduciary duties by certain officers and directors at Lubys, Inc.
The investigation by a law firm concerns whether certain Lubys, Inc. officers and directors breached their fiduciary duties.
Luby's, Inc. reported that its Total Revenue declined from $394.38 million for the 52 weeks period that ended on August 27, 014 to $394.08 million for the 52 weeks period that ended on August 26, 2015 and that its Net Loss for those respective time periods declined from $1.61 million to $1.37 million.
Shares of Luby's, Inc. (NYSE:LUB) declined from as high as $8.98 per share in late 2013 to as low as $3.76 per share in early 2016.