Block & Leviton LLP Investigates Quiksilver, Inc. for Possible Violations of the Federal Securities Laws
BOSTON, March 4, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by Quiksilver Inc. ("Quiksilver" or the "Company") (NYSE: ZQK) following the Company's announcement that it has postponed the distribution of its 2015 first quarter earnings release, as well as the scheduled investor conference call and webcast scheduled to take place on March 5, 2015, to discuss the first quarter earnings.
On March 4, 2015, Quiksilver issued a press release which stated that it would delay its first quarter earnings release because of a revenue cut-off issue which it had uncovered. The Company's Audit Committee is investigating the matter and has yet to issue any preliminary findings. No updates are expected until at least March 16, 2015, when the Quiksilver Board of Directors will meet.
In reaction to this news Quiksilver's stock price dropped by nearly 6% on March 4, 2015, compared to its closing price prior to announcing the news of the postponed earnings release.
Block & Leviton's investigation seeks to determine, among other things, whether Quiksilver or its officers and directors violated the federal securities laws through the Company's actions which led to the postponing of the financial results. If you purchased Quiksilver securities prior to March 4, 2015, and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at [email protected]. Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP
Steven P. Harte, Esq.
(617) 398-5600
[email protected]
SOURCE Block & Leviton LLP
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