March 21, 2017 (Shareholders Foundation) - An investigation on behalf of investors of NN, Inc. (NASDAQ:NNBR) shares over potential securities laws violations by NN, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NN, Inc. (NASDAQ:NNBR) concerning whether a series of statements by NN, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On March 1, 2017, NN, Inc. reported its fourth quarter and full year 2016 results. NN, Inc. reported that its annual Total Revenue rose from $667.28 million in 2015 to $833.49 million in 2016 and that its Net Loss of $7.43 million in 2015 turned into a Net Income of $7.94 million in 2016.

On March 16, 2017, NN, Inc. disclosed in a filing with the SEC that Company had 'identified material weaknesses in our internal control over financial reporting which could, if not remediated, result in material misstatements in our financial statements. Because of these material weaknesses, our management concluded that we did not maintain effective internal control over financial reporting as of December 31, 2016.'