San Diego, CA -- (SBWire) -- 02/06/2020 --Certain directors of Textron Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Textron Inc. (NYSE: TXT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: TXT stocks follows a lawsuit filed against Textron Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TXT stocks, concerns whether certain Textron directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose that end-market sales of Arctic Cat products were slowing, resulting in a massive glut of old Arctic Cat inventory on dealers' floors, that in order to clear out this old inventory, the Company provided significant price discounts, which negatively impacted Textron's earnings, and that as a result, Textron's positive statements about Arctic Cat's business, operations, and prospects were false and misleading
Those who purchased shares of Textron Inc. (NYSE: TXT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.
NYSE: TXT Long Term Investor Alert: Investigation of Potential Wrongdoing at Textron Inc.
An investigation on behalf of current long term investors in Textron Inc. (NYSE: TXT) shares over possible breaches of fiduciary duty by certain officers and directors was announced.