BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law Office of Brodsky & Smith, LLC announces an investigation of the Board of Directors of LSB Industries, Inc. (“LSB Industries” or the “Company”) (NYSE: LXU) for potential violations of federal securities laws and breaches of the Board’s fiduciary duties.
Click here to learn more about the investigation http://brodsky-smith.com/1004-lxu-lsb-industries-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Southern District of New York. The complaint alleges that the defendants failed to disclose that the Company’s costs related to the expansion of the El Dorado Facility would be significantly higher than reported. As a result, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. Consequently, on September 3, 2015, the Company announced that President and CEO Barry H. Golsen had resigned.
If you purchased shares of LSB Industries stock between May 8, 2015 and August 7, 2015 and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/1004-lxu-lsb-industries-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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