NEW YORK, Sept. 12, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of RPM International Inc. ("RPM" or the "Company")
(NYSE: RPM). 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 RPM and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
RPM is an American multinational company with subsidiaries that
manufacture and market high-performance specialty coatings,
sealants and building materials for international industrial,
specialty, and consumer markets.
On September 9, 2016, the U.S.
Securities Exchange Commission ("SEC") filed a complaint against
RPM with allegations of accounting fraud. The complaint follows
RPM's failure to appropriately and timely disclose a loss
contingency, or document an accrual for an investigation by the
U.S. Department of Justice (the "DOJ investigation").
According to the SEC's complaint, a public company with a loss
contingency, i.e., a lawsuit or government investigation, is
obligated under accounting principles and the securities laws to
(1) report the loss contingency if a material loss is reasonably
possible, and (2) document an accrual for the loss contingency if a
material loss is probable and reasonably estimable. RPM was facing
a material loss that was probable and reasonably estimable, but the
Company failed to report the loss contingency or document an
accrual on its books when required to do so. Following this news
RPM stock dropped and closed at $51.75 per share, trading at unusually high
volume on September 9, 2016.
If you are aware of any facts relating to this investigation, or
purchased shares of RPM, you can assist this investigation by
visiting the firm's site: http://www.bgandg.com/rpm. 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