Harwood Feffer LLP Announces Investigation of Donaldson Company, Inc.

NEW YORK, Oct. 1, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Donaldson Company, Inc. ("Donaldson" or the "Company") (NYSE: DCI), concerning whether the board has breached its fiduciary duties to shareholders.

On September 28, 2015, the Company disclosed in an SEC filing that it would be unable to timely file its annual report on Form 10-K.  According to the disclosure, two former employees reported that revenue for a project in the Company's European Gas Turbine Products business was improperly recognized in the second quarter of 2015.  An internal investigation has verified this report and identified additional instances of the improper accounting.  Further, the Company disclosed that documents were altered with the intent to inappropriately recognize revenue for certain transactions in periods earlier than would be permissible.    

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Donaldson shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP