Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Flowserve Corporation (NYSE: FLS) 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 Flowserve Corporation (NYSE: FLS)  concerning whether a series of statements by Flowserve Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 27, 2017, post-market, Flowserve Corporation revealed disappointing Second Quarter 2017 Results. Flowserve disclosed that “certain immaterial accounting errors were identified in prior period financial statements for the period beginning in 2013 through the first quarter of 2017…” Additionally, “the Company determined material weakness existed in its internal control structure at year-end 2016 and continued through the end of the 2017 second quarter.”

On this news, NYSE: FLS dropped $6.12 per share, or 13.2%, during intraday trading on July 28, 2017.

Based in Irving, Texas, and founded in 1912 Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide.

If you purchased shares of Flowserve Corporation (NYSE: FLS) on or before July 27, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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