NEW YORK, Nov. 14, 2016 /PRNewswire/ -- Attorney
Advertising-- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of PAREXEL International Corporation ("PAREXEL" or the
"Company") (NASDAQ: PRXL). Such investors are advised to contact
Peretz Bronstein or his investor
relations analyst Yael Hurwitz at
info@bgandg.com or 212-697-6484.
The investigation concerns whether PAREXEL and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On August 30, 2016, after market
hours, PAREXEL stated that it was postponing its 2016 Annual Report
filing on Form 10-K after it received a report about an "incident
of misappropriation of corporate funds by an employee in one of the
Company's international operations." Following this news,
PAREXEL stock dropped close to 5% on August
31, 2016. Then on November 11,
2016, PAREXEL said that it was postponing its quarterly
report for the third quarter 2016, mentioning potential errors in
its revenue recognition. Following this news, PAREXEL stock dropped
$4.75 per share, or roughly 8%, to
close on November 11, 2016 at
$55.73 per share.
If you are aware of any facts relating to this investigation, or
purchased shares PAREXEL, you can assist this investigation by
visiting the firm's site: http://www.bgandg.com/prxl. You can also
contact Peretz Bronstein or his
Investor Relations Analyst, Yael
Hurwitz of Bronstein, Gewirtz & Grossman, LLC:
212-697-6484 or via email info@bgandg.com. 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 Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC