An investigation for investors in NASDAQ:DXYN shares was announced over potential breaches of fiduciary duties by certain directors at Dixie Group.
Investors who purchased shares of Dixie Group Inc (NASDAQ:DXYN) and currently hold any of those NASDAQ:DXYN 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 concerns whether certain Dixie Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dixie Group Inc reported that its Total Revenue rose from $344.37 million for the 12 months period that ended on December 28, 2013 to $422.48 million for the 12 months period that ended on December 26, 2015 while its Net Income of $5.56 million the 12 months period that ended on December 28, 2013declined to a Net Loss of $2.28 million the 12 months period that ended on December 26, 2015.
Shares of Dixie Group Inc (NASDAQ:DXYN) declined from $16.13 per share in April 2014 to as low as $3.00 per share in May 2016.
On August 3, 2016, NASDAQ:DXYN closed at $3.80 per share.
Those who purchased NASDAQ:DXYN shares 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