SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Violations of Federal Securities Laws...
November 14 2016 - 12:07PM
Business Wire
Levi & Korsinsky announces it has commenced an investigation
of PAREXEL International Corporation (NASDAQ: PRXL) (“PAREXEL”)
concerning possible violations of federal securities laws by the
Company and/or certain of its officers and directors.
On August 30, 2016, PAREXEL announced that it would be delaying
its 2016 Form 10-K filing after it received a report “of an
incident of misappropriation of corporate funds by an employee in
one of the Company's international operations.” Then on November
10, 2016, PAREXEL notified the SEC that it would not be filing its
Quarterly Report for the fiscal quarter ended September 30, 2016 in
a timely fashion. According to a filing with the SEC, the delay
results from the identification of “potential errors related to the
timing of revenue recognition, almost all related to prior periods,
with regard to its [the Company’s] Clinical Research Services
business segment.” To obtain additional information, go
to:
http://zlk.9nl.com/parexel-prxl
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut and Washington D.C. The
firm’s attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161114006192/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.30 Broad Street -
24th FloorNew York, NY 10004Tel: 212-363-7500Toll Free:
877-363-5972Fax: 212-363-7171www.zlk.com
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