Harwood Feffer LLP Announces Investigation of LSB Industries, Inc.

Aug 25, 2015, 14:45 ET from Harwood Feffer LLP

NEW YORK, Aug. 25, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LSB Industries, Inc. ("LSB" or the "Company") (NYSE: LXU), concerning whether the board has breached its fiduciary duties to shareholders.

In May 2015, the Company estimated the total cost of an expansion project at one of its facilities would be between $480 and $520 million.  In July 2015, the Company revised that estimate to a range between $560 and $575 million.  Then, in August 2015, the Company disclosed the project was now expected to cost between $660 and $680 million – and increase of nearly $200 million over the original estimate.  On this news LSB stock fell over 33%. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own LSB shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:  ="http://10.86.178.43:2011/Users/bsachsmichaels/Documents/C&D%20Technologies/bsachsmichaels@hfesq.com" rel="nofollow" target="_blank">bsachsmichaels@hfesq.com Website:   http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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