SAN DIEGO, Aug. 11, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating possible violations of federal securities laws by certain officers and directors of Flowers Foods, Inc. (NYSE: FLO). Flowers Foods produces and markets bakery products in the United States.
The investigation concerns the Company's August 10, 2016 disclosure that the U.S. Department of Labor has scheduled a compliance review of Flower Foods under the Fair Labor Standards Act. On this news the Company's shares fell over $9%, on August 10, 2016.
Then after the market closed on August 10, 2016, the Company announced it was lowering the outlook for fiscal 2016 sales, diluted EPS and adjusted diluted EPS. Flower Foods shares were trading down over 10% in pre-market on August 11, 2016.
If you have information that could assist in this investigation, or if you are a Flowers Foods shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP