NEW YORK, April 08, 2016 (GLOBE NEWSWIRE) -- Barrack, Rodos & Bacine announces that it has filed a lawsuit in the Southern District of New York, Stein v. Rusnack, et al., Civil Action No. 1:16-cv-02487, against the members of the Board of Directors of Flowserve Corporation (NYSE:FLS). The lawsuit alleges violations of the federal securities laws relating to the proxy statement the company filed with the U.S. Securities and Exchange Commission on April 9, 2015, and breaches of fiduciary duty relating to actions taken in contradiction of certain stockholder votes.
Holders of Flowserve common stock are encouraged to contact Barrack, Rodos & Bacine to discuss your rights regarding the litigation and for additional information. Flowserve stockholders may contact the firm through the following toll-free number: 877-386-3304, or by e-mail to A. Arnold Gershon (agershon@barrack.com) or Michael A. Toomey (mtoomey@barrack.com). A copy of the complaint is available from the Court or from Barrack, Rodos & Bacine.
In the lawsuit, the plaintiff is seeking truthful disclosures with regard to the 2015 proxy statement and certain other relief. The plaintiff is represented by Barrack, Rodos & Bacine, which has four decades of experience prosecuting securities actions and which has achieved some of the largest recoveries in the history of such litigation.