CURRENT SHAREHOLDERS: Zamansky LLC Investigates Cavco Industries, Inc. (CVCO) for Potential Breaches of Fiduciary Duties
05 Februar 2019 - 11:53PM
Business Wire
Zamansky LLC announces that it is investigating Cavco
Industries, Inc. (NASDAQ:CVCO) (“Cavco” or the “Company”) for
potential breaches of fiduciary duties in connection with possible
misconduct by the Company’s former CEO Joseph Stegmayer. If you are
a shareholder of Cavco and still hold your CVCO shares, please
contact our firm for information.
It has recently come to light that the Company and former CEO
Stegmayer received separate subpoenas from the SEC for documents --
and, in the case of Mr. Stegmayer, for his testimony -- in
connection with the trading of a certain public stock. As recently
reported by the Company, Cavco “has initiated an independent
investigation and intends to cooperate fully with the SEC’s
investigation.” Following release of this information through the
Company’s quarterly report on November 8, 2018, CVCO shares were
negatively impacted. Specifically, it is believed that release of
this information caused Cavco shares to plummet 23%, or about
$49.48 per share, to close at $165.20 on November 9, 2018.
According to investment fraud attorney Jake Zamansky, Cavco’s
officers and directors, including its former CEO, owe the Company
and its shareholders fiduciary duties. “Based upon our initial
analysis, it appears that the SEC’s ongoing investigation into
potential insider trading or related misconduct would raise
potential concern for Cavco investors,” Zamansky says.
“Accordingly, our law firm is investigating whether certain of
Cavco’s officers and directors have breached their duties to the
Company.”
What Cavco Shareholders Can Do
If you are a current shareholder of Cavco, please contact us to
review or discuss your legal rights. You may, without obligation or
cost to you, email jake@zamansky.com or call the law firm at (212)
742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190205006017/en/
Zamansky LLC50 Broadway - 32nd FloorNew York, NY 10004Jake
Zamansky, 212-742-1414jake@zamansky.com
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