Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Quicksilver, Inc.
April 08 2015 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Central District of California on behalf of a class (the “Class”)
comprising purchasers of the securities of Quicksilver, Inc.
(“Quicksilver” or the “Company”) (NYSE:ZQK) between June 6, 2014
and March 26, 2015, inclusive (the “Class Period”). Investors who
purchased Quicksilver shares during the Class Period are encouraged
to contact the Law Offices of Howard G. Smith to discuss their
legal rights.
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.
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; that the Company’s
Chairman and CEO, Andrew P. Mooney was removed from his post, and
that Chief Financial Officer, Richard Shields, abruptly resigned.
On this news, shares of Quicksilver sharply declined thereby
damaging investors.
If you are a member of the Class described above, you may move
the Court no later than June 1, 2015, to serve as lead plaintiff,
if you meet certain legal requirements. To be a member of the
Class, you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action,
please contact Howard G. Smith, Esquire, of Law Offices of Howard
G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847,
or by email to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com