The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Flanigan’s Enterprises, Inc. (NYSEMKT:BDL) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Flanigan’s Enterprises.
Investors who purchased shares of Flanigan’s Enterprises, Inc. (NYSEMKT:BDL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Flanigan’s Enterprises officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Flanigan’s Enterprises, Inc. reported that its Total Revenue rose from $77.33 million for the 52 weeks period that ended on Sept. 29, 2012 to $89.80 million for the 52 weeks period that ended on September 27, 2014 and that its respective Net Income increased from $1.41 million to $2.77 million.
Shares of Flanigan’s Enterprises, Inc. (NYSEMKT:BDL) grew from $5.90 per share in March 2012 to as high as $40.81 per share in February 2015.
Those who purchased shares of Flanigan’s Enterprises, Inc. (NYSEMKT:BDL) 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