Flexsteel Industries, Inc. (NASDAQ:FLXS) Investor Investigation Announced

If you purchased shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) and currently hold any of those NASDAQ:FLXS shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Flexsteel Industries
Affected Securities: 
NASDAQ: FLXS

An investigation on behalf of current long-term investors in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries.

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

Dubuque, IA based Flexsteel Industries, Inc. is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. Flexsteel Industries, Inc. reported that its Total Revenue declined from $500.11 million for the 12 months period that ended on June 30, 2016 to $468.76 million for the 12 months period that ended on June 30, 2017 and that its Net Income for those respective time periods decreased from $24.24 million to $23.79 million.

Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) declined from $62.42 per share in December 2016 to $44.41 per share in August 2017.