An investigation on behalf of investors in Key Tronic Corporation (NASDAQ:KTCC) shares over potential wrongdoing at Key Tronic Corporation was announced.
San Diego, CA -- (SBWIRE) -- 04/22/2021 -- Certain directors of Key Tronic Corporation are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Key Tronic Corporation (NASDAQ: KTCC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Key Tronic directors breached their fiduciary duties and caused damage to the company and its shareholders.
Spokane Valley, WA based Key Tronic Corporation, doing business as KeyTronicEMS Co., provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally. On February 10, 2021, Key Tronic Corporation (NASDAQ: KTCC) reported that it had "received a notification from an employee regarding irregularities of the classification of inventory between raw material and work-in-process at a production facility." As a result, the Company could not timely file its quarterly report for the period ended December 26, 2020 while it conducted an internal investigation into the accounting matters.
Those who purchased shares of Key Tronic Corporation (NASDAQ: KTCC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.