NEW YORK, Nov. 11, 2016 /PRNewswire-USNewswire/
-- Wolf Popper LLP is investigating potential claims on behalf
of investors in PAREXEL International Corp. (NASDAQ: PRXL),
resulting from PAREXEL's disclosure that it will delay the release
of its Form 10-Q for the fiscal quarter ended September 30, 2016. PAREXEL investors can
contact Fei-Lu Qian at 877.370.7703
or fqian@wolfpopper.com for more information.
On November 11, 2016, PAREXEL
disclosed that it has "identified potential errors related to the
timing of revenue recognition, almost all related to prior periods,
with regard to its Clinical Research Services business
segment." As a result, "the Company anticipates that the
correction of these errors … and certain other minor corrections
will have an adverse impact on revenue of approximately
$6.7 million and on diluted earnings
per share of approximately $0.08 for
the fiscal quarter ended September 30,
2016."
On this disclosure, PAREXEL common stock plummeted intra-day on
November 11, 2016 by more than
$5.00 per share.
Wolf Popper LLP has extensive experience representing
shareholders in securities class actions. The reputation and
expertise of the firm in representing shareholders has been
repeatedly recognized by the courts, which have appointed the firm
to major positions in securities litigation. See
www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: 877.370.7703
Fax: 877.370.7704
Email: fqian@wolfpopper.com
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SOURCE Wolf Popper LLP