LOS ANGELES, Aug. 04, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Hamilton Beach Brands Holding Company (“Hamilton Beach Brands” or the “Company”) (NYSE: HBB) concerning whether the board breached its fiduciary duties to shareholders.
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On May 11, 2020, Hamilton Beach Brands disclosed that it could not timely file its first quarter 2020 quarterly report due to “certain accounting irregularities with respect to the timing of recognition of selling and marketing expenses and the classification of certain expenditures within the statement of operations at its Mexican subsidiary.” The Company also revealed that its “Audit Review Committee has commenced an internal investigation” regarding “the realizability of certain assets of the Mexican subsidiary.”
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you purchased Hamilton Beach Brands shares before May 11, 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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