Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against Quicksilver Inc. and Lead Plaintiff Deadline
NEW YORK, April 8, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Central District of California on behalf of those who purchased shares of Quicksilver Inc. ("Quicksilver" or the "Company") (NYSE:ZQK), during the period between June 6, 2014 and March 26, 2015 inclusive. (the "Class Period").
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's internal controls and as a result the Company's financial statements were materially false and misleading at all relevant times.
According to the lawsuit, during the period between March 4, 2015 and March 27, 2015, the Company revealed that it would delay its first quarter earnings report due to its audit committee investigation of a "revenue cut-off issue;" that its internal control over financial reporting were not effective as of October 31, 2014. Then on March 26, 2015 the Company announced that its Chief Executive Officer Andy Mooney had left the Company, to be replaced by the Company's President Pierre Agnes, and that its Chief Financial Officer Richard Shields had also left the Company.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Quicksilver during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. 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 and telephone number. If you suffered a loss in Quicksilver you have until June 2, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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