NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Flowserve Corporation (“Flowserve” or the “Company”) (NYSE:FLS) at name of Flowserve shareholders. Our investigation focuses on whether Flowserve violated federal securities laws and/or engaged in other illegal business practices.
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On September 13, 2022, Flowserve announced disruptions related to the implementation of new technology to manage one-time operations and expenses, advising investors that the developments will reduce third quarter EPS from $0.18 to 0, $22.
On this news, Flowserve stock price fell $2.36 per share, or 7.66%, to close at $28.43 per share on September 14, 2022.
If you have purchased or otherwise acquired Flowserve stock and suffered a loss, are a long-term shareholder, have information, want to know more about such claims, or have questions about this announcement or your rights or interests in these questions, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more company information, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.