An investigation for investors in NASDAQ:FOSL shares was announced over potential securities laws violations by Richardson, TX based Fossil Group and certain of its directors and officers.
Investors who purchased shares of Fossil Group Inc (NASDAQ:FOSL), 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 focuses on whether certain statements by Fossil Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 16, 2016, Fossil Group Inc reported its financial results for the fourth quarter and fiscal year ended January 2, 2016. Fossil Group Inc reported that its Total Revenue declined from over $3.5 billion for the 53 weeks period that ended on January 3, 2015 to over $3.22 billion for the 52 weeks period that ended on January 2, 2016 and that its respective Net Income decreased from $376.71 million to $220.64 million.
On May 10, 2016, Fossil Group Inc reported its financial results for the fiscal quarter ended April 2, 2016 and issued its sales and earnings guidance for its fiscal second quarter and full year 2016.
Shares of Fossil Group Inc (NASDAQ:FOSL) declined from as high as $129.56 per share in late 2013 to as low as $26.51 per share on May 11, 2016.
On May 20, 2016, NASDAQ:FOSL shares closed at $27.22 per share.
Those who purchased NASDAQ:FOSL 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