NEW YORK, April 30, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Installed Building Products, Inc. ("Installed Building Products" or the "Company") (NYSE: IBP), concerning whether the board has breached its fiduciary duties to shareholders.
On April 29, 2015, an article was posted on SeekingAlpha.com titled "Installed Building Products – A misrepresented Roll-Up With Significant Downside." The article states that the Company has misrepresented its financial results, overstated cash flow, and has failed to disclose conflicted related party transactions, among other things.
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 Installed Building Products 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
Email: [email protected]
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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.
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SOURCE Harwood Feffer LLP