Investigation announced for Investors in shares of Hamilton Beach Brands Holding Company (NYSE: HBB)
An investigation on behalf of current long term investors in Hamilton Beach Brands Holding Company (NYSE: HBB) shares.
An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Hamilton Beach Brands Holding Company.
Investors who are current long term investors in Hamilton Beach Brands Holding Company (NYSE: HBB) shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE: HBB stocks follows a lawsuit filed against Hamilton Beach Brands Holding Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: HBB stocks, concerns whether certain Hamilton Beach Brands Holding Company directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that Hamilton had inadequate disclosure controls and procedures and internal control over financial reporting, particularly with respect to one of its Mexican subsidiaries, that consequently, the Company’s accounting included certain irregularities with respect to the timing of recognition of selling and marketing expenses and the classification of certain expenditures within the statement of operations at this Mexican subsidiary, as well as potential misconduct with respect to the realizability of certain assets of the Mexican subsidiary, that as a result of all the foregoing, Hamilton could not accurately attest to its financial results, particularly with respect to these metrics, and was consequently at an increased risk of delaying the filing of its periodic reports with the SEC, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who purchased shares of Hamilton Beach Brands Holding Company (NYSE: HBB) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
E-Mail: [email protected]
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Originally Published on : https://www.openpr.com/news/2130550/investigation-announced-for-investors-in-shares-of-hamilton
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