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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Build-A-Bear Workshop Inc (NYSE: BBW) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Build-A-Bear Workshop Inc (NYSE: BBW) concerning whether a series of statements by Build-A-Bear Workshop Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 12, 2016, J. Carlo Cannell of Cannell Capital LLC published a letter to Build-A-Bear, calling actions by the Board of Directors “financially unsophisticated, lacking in proper corporate governance and shareholder unfriendly.” Cannell argued that Build-A-Bear's decision to allow its CEO to approve or reject candidates for membership on the board of directors will interfere with its independence and ability to oversee the company's management and executive compensation. Also, Cannell had concerns over the board of directors' approval of increased executive compensation.
On May 3, 2016, Build-A-Bear revealed its first quarter results, stating that the Board of Directors had authorized an “exploration of a full range of strategic alternatives.”
Based in St. Louis, Missouri, and founded in 1997 Build-A-Bear Workshop Inc operates as a specialty retailer of plush animals and related products.
If you purchased shares of Build-A-Bear Workshop Inc (NYSE: BBW) on or before April 12, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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