NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Flowserve Corporation (“Flowserve” or the “Company”) (NYSE: FLS) concerning possible violations of federal securities laws.
On July 27, 2017, Flowserve announced disappointing Second Quarter 2017 Results. Flowserve announced that “certain immaterial accounting errors were identified in prior period financial statements for the period beginning in 2013 through the first quarter of 2017…” In addition, “the Company determined material weakness existed in its internal control structure at year-end 2016 and continued through the end of the 2017 second quarter.” Upon this news, shares of Flowserve were down more than 11% on July 28, 2017. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.