LSB Industries Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the Southern District of New York against LSB Industries, Inc. (“LSB”) (NYSE: LXU) and several officers and directors for acts taken during the period of May 8, 2015 and August 7, 2015 (the “Class Period”).

If you are an affected LSB shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued made failed to disclose that its costs related to the expansion of the El Dorado Facility would be significantly higher than reported, and that, as a result, its statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. LSB announced on August 7, 2015 its intent to implement certain recommendations by the Strategic Committee of the Board of Directors and that the total cost to complete the El Dorado Facility expansion would now be in the range of $660 million to $680, much higher than its previous estimates of $495 million to $520 million on May 8, 2015. LSB stock dropped over 34% immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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