January 25, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Steelcase Inc. (NYSE:SCS) shares over potential securities laws violations by Steelcase 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 Steelcase Inc. (NYSE:SCS) concerning whether a series of statements regarding Steelcases business, its prospects and its operations were materially false and misleading at the time they were made.

Steelcase Inc. reported that its Total Revenue rose from over $2.98 billion for the 12 months period that ended on February 28, 2014 to over $3.05 billion for the 12 months period that ended on February 27, 2015 and that its respective Net Income declined from $87.70 million to $86.10 million.

Shares of Steelcase Inc. (NYSE:SCS) grew from $8.09 per share in May 2012 to as high as $20.34 per share on December 1, 2015.

On December 21, 2015, Steelcase Inc. reported its third quarter results and issued its outlook for its fourth quarter.

Shares of Steelcase Inc. (NYSE:SCS) declined to as low as $11.83 per share on January 20, 2016.

On January 25, 2016, NYSE:SCS shares closed at $12.02 per share.