You are here: Home
Business
Investment
Furniture Brands International, Inc. Investor Investigation Concerning...
Furniture Brands International, Inc. Investor Investigation Concerning Executive Compensation
Investigation on behalf of current investors in Furniture Brands International, Inc. (Public, NYSE:FBN) over possible breaches of fiduciary duty - Contact the Shareholders Foundation, Inc.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 16, 2009 --
An investigation on behalf of current investors of Furniture Brands International, Inc. (Public, NYSE:FBN) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.
If you currently hold Furniture Brands International, Inc. (NYSE:FBN) shares you have certain options and you should contact the Shareholders Foundation, Inc immediately
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
According to the investigation by a law firm the investigation focuses on possible claims that certain Furniture Brands senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. Furniture Brands International, Inc. is a holding company. Through its subsidiaries, it is engaged in the business of designing, manufacturing, sourcing, and retailing home furnishings. It markets through a range of retail channels, from mass merchant stores to single-branded and independent dealers to specialized interior designers. Certain senior officers at Furniture Brands International, Inc., were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’ or retirement compensation that was, so the investigation, excessive or unwarranted based on Furniture Brands International‘s performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Furniture Brands is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow Furniture Brands International, Inc. (NYSE:FBN) stockholders to influence or control future compensation decisions at Furniture Brands. Furniture Brands International, Inc. is located in St. Louis, Missouri and had $1.743Billion in total revenue in 2008. The shares of Furniture Brands International, Inc. (NYSE:FBN) traded recently at $2.22 per share, down from $14.93 in 2008, $17.67 in 2007, and over $42 in 2002.
If you currently hold Furniture Brands International, Inc. (NYSE:FBN) shares you have certain options and you should contact the Shareholders Foundation, Inc immediately
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
For more information please visit us at www.ShareholdersFoundation.com
FBN Furniture Brands Furniture Brands International NYSE FBN
People who viewed this press release also interested in the following topics: furniture brands lawsuits.
Where: Orlando,United States
Industry: Business Services

Where: Kuala Lumpur,Malaysia
Industry: Business Services
Where: Miami,United States
Industry: Business Services
Post your news to the World.See you news here immediately. It's easy and free!
Create free account or Login.



