Cases
Flowserve Corporation (NYSE: FLS)
Securities Class Action
Overview
Overview
- Date:
- 7/31/2017
- Company Name:
- Flowserve Corporation
- Stock Symbol:
- FLS
- Status:
- Closed/Complete
NEW YORK, July 31, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against Flowserve Corporation (NYSE: FLS). Our investigation concerns whether Flowserve has violated the federal securities laws and/or engaged in other unlawful business practices.
On July 27 2017, Flowserve disclosed that the “Company identified accounting errors,” of which “[t]he cumulative effect of the revisions to retained earnings as of March 31, 2017 was a reduction of approximately $30 million.” In the same press release, Flowserve announced that the Company’s second quarter results were below their expectations for the period.
Following this news, shares of Flowserve fell $5.06, or over 10.9%, to close at $41.30 on July 28, 2017.
If you purchased or otherwise acquired Flowserve Corporation securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On July 27 2017, Flowserve disclosed that the “Company identified accounting errors,” of which “[t]he cumulative effect of the revisions to retained earnings as of March 31, 2017 was a reduction of approximately $30 million.” In the same press release, Flowserve announced that the Company’s second quarter results were below their expectations for the period.
Following this news, shares of Flowserve fell $5.06, or over 10.9%, to close at $41.30 on July 28, 2017.
If you purchased or otherwise acquired Flowserve Corporation securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.