An investigation was announced for investors in NYSE:AIN shares over potential breaches of fiduciary duties by certain officers and directors at Albany International Corp.
Investors who purchased shares of Albany International Corp. (NYSE:AIN) and currently hold any of those NYSE:AIN shares have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Albany International directors breached their fiduciary duties and caused damage to the company and its shareholders.
Rochester, NH based Albany International Corp. is focused on textiles and materials processing business. Albany International Corp. reported that its annual Total Revenue rose from $709.87 million in 2015 to $779.84 million in 2016 and that its Net Income declined from $57.28 million in 2015 to $52.73 million in 2016.
Shares of Albany International Corp. (NYSE:AIN) grew from $31.86 per share in February 2016 to as high as $49.25 per share in late 2016.
On April 19, 2017, NYSE:AIN shares closed at $44.95 per share.
Those who purchased NYSE:AIN shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego