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NN, Inc. (NASDAQ: NNBR) Investor Investigation Over Possible Wrongdoing Announced

  • Investors who purchased shares of NN, Inc. (NASDAQ: NNBR) have certain options and 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
NN, Inc.
Security

Summary

An investigation on behalf of investors in shares of NN, Inc. (NASDAQ: NNBR) was announced over potential breaches of fiduciary duties by certain officers and directors at NN, Inc.

The investigation by a law firm concerns whether certain NN directors breached their fiduciary duties and caused damage to the company and its shareholders.

Johnson City, Tn based NN, Inc., a diversified industrial company, manufactures high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. NN, Inc. reported that its annual Total Revenue rose from $584.95 million in 2016 to $619.79 million in 2017 and that its Net Income increased from $6.66 million in 2016 to $163.05 million in 2017.

Shares of NN, Inc. (NASDAQ: NNBR) declined from as high as $32.90 per share in October 2017 to as low as $18.05 per share in early July 2018.

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