Investors’ lawsuit accuses Furniture Brands of hiding financial problems - Winston-Salem Journal: Business News

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Investors’ lawsuit accuses Furniture Brands of hiding financial problems

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Posted: Wednesday, October 9, 2013 6:38 pm

Furniture Brands International Inc. is facing a class-action lawsuit from investors who accuse the company and its management of deliberately misleading them about its financial status prior to entering Chapter 11 bankruptcy protection Sept. 9.

The lawsuit was filed in the Eastern District of Missouri for the U.S. District Court. It was filed against the company; Ralph Scozzafava, its chairman and chief executive; and Vance Johnston, its chief financial officer.

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