DALLAS, Jan. 25, 2012 /PRNewswire/ -- Goldfarb Branham LLP is investigating whether the board of directors of Lydall, Inc. (NYSE: LDL) violated shareholder protection laws by breaching fiduciary duties in the incorrect accounting of income taxes associated with dividends from a foreign subsidiary. Concerned Lydall investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies.
"Dividends were omitted from the company's US income tax reporting and, at the disclosure of this information, shares fell almost 20%, from $11.18 to $9.28 per share," securities lawyer Hamilton Lindley said. "Our proposed lawsuit will ensure that proper controls are placed to correct improper behavior and to maximize the company's profitability for shareholders."
Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Lydall, Inc. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855.Hamilton Lindley ZGoldfarb Branham LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number email@example.com www.goldfarbbranham.com SOURCE Goldfarb Branham LLP