NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors (the "Board") of Flowers Foods, Inc. ("Flowers Foods" or the "Company") (NYSE: FLO) breached their fiduciary duties to the Company's shareholders.
Bernstein Liebhard is investigating whether the Board breached their fiduciary duties by failing to ensure that the Company complied with U.S. Department of Labor regulations including the Fair Labor Standards Act. Flowers Foods is defending numerous lawsuits that allege that the Company wrongfully characterized distributors as independent contractors. Flowers Foods may be subject to large fines and/or judgments as a result of these litigations.
If you are interested in discussing your rights as a Flowers Foods shareholder, and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [email protected].
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to the National Law Journal's "Plaintiffs' Hot List" thirteen times.
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SOURCE Bernstein Liebhard LLP