SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Casey's General Stores, Inc.
NEW YORK, Nov. 25, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Casey's General Store, Inc. ("Casey"s" or the "Company") (NasdaqGS: CASY -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Casey's and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 24, 2014, the Company disclosed that it had discovered a $30 million error in its income taxes related to tax credits on ethanol that is blended into gasoline. Casey's said it paid the IRS $30.4 million in taxes and $1.1 million in interest to correct the error and will revise its financial statements from fiscal 2012, 2013 and 2014 as well as the first quarter of its current fiscal year. The Company said it found the error during a routine IRS examination and voluntarily reported it to the government.
On this news, shares of Casey's fell $6.66 per share, or 7.57% during intraday trading to trade at $81.21 per share on November 25, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Casey's, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-caseys-general-stores-inc-300001353.html
SOURCE Bronstein, Gewirtz & Grossman, LLC
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