SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Trecora Resources (TREC)
NEW YORK, March 2, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Trecora Resourses ("Trecora" or the "Company") (NYSE: TREC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/trec.
The investigation concerns whether Trecora and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 1, 2017, after market hours, Trecora revealed that the Company's Audit Committee, "following consultation with management and discussion with the company's independent registered public accounting firm . . . concluded that there were errors in the accounting for its equity in earnings from its investment in AMAK in Q2 and Q3 2016." Trecora then counseled investors that its quarterly reports for those periods should no longer be relied upon, and that Trecora would restate its financial and operating results for those quarters before filing its 2016 annual report. Following this news, Trecora stock has dropped as much as $0.45 per share, or 3.64%, during intraday trading on March 2, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Trecora, you can assist this investigation by visiting the firm's site: www.bgandg.com/trec. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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 Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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