LOS ANGELES, August 4, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm is investigating possible claims against the Board of Directors of Hamilton Beach Brands Holding Company ("Hamilton Beach Brands" or "Company") (NYSE: HBB) whether the Board of Directors has violated its loyalty obligations towards the shareholders.
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On May 11, 2020, Hamilton Beach Brands announced that the quarterly report for the first quarter of 2020 could not be submitted on time due to “certain accounting irregularities regarding the timing of the recognition of sales and marketing costs and the classification of certain expenses in the statement Operations in its Mexican subsidiary. "The company also announced that its" Audit Review Committee has initiated an internal investigation "that deals with the" feasibility of certain assets of the Mexican subsidiary ".
Our investigation addresses the question of whether the company's board of directors violated its fiduciary duties to shareholders and / or grossly abused the company in connection with the alleged misconduct above.
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If you bought Hamilton Beach Brands shares before May 11, 2020 If you would like to discuss this matter with us or if you have any questions about your rights and interests in relation to this matter, please contact Frank R. Cruz of Frank R. Cruz's Law Firms, Avenue of the Stars 1999, Suite 1100, Los Angeles, California 90067 at 310-914-5007, email email@example.com or visit our website at www.frankcruzlaw.com. When inquiring by email, please provide your mailing address, phone number and number of shares purchased.
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