SAN DIEGO & FAIRPORT, N.Y.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of FSB Bancorp, Inc. (NasdaqCM: FSBC) breached their fiduciary duties to shareholders. FSB disclosed on July 25, 2018 that the company's audited consolidated financial statements for the years ended December 31, 2017 and 2016 and the interim unaudited consolidated financial statements for the three months ended March 31, 2018 and 2017, for the three and six months ended June 30, 2017 and for the three and nine months ended September 30, 2017 cannot be relied upon because of an error. In particular, the company incorrectly claimed a tax credit for residential mortgages on property located in Erie County. As a result, FSB will restate certain of its financial statements.
View this press release on the firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/fsb-bancorp-inc/
FSB Bancorp Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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