June 1 Deadline Alert: Glancy Prongay & Murray LLP Reminds Quiksilver, Inc. Investors of Upcoming Deadline
May 28 2015 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP reminds investors of the looming
June 1, 2015 deadline in the class action lawsuit on behalf of a
class (the “Class”) comprising purchasers of the securities of
Quiksilver, Inc. (“Quiksilver” or the “Company”) (NYSE:ZQK) between
June 6, 2014 and March 26, 2015, inclusive (the “Class Period”).
Investors who purchased Quiksilver shares are encouraged to contact
the firm 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 financial reporting;
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 Quiksilver 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 be appointed as a lead
plaintiff. Please contact Lesley Portnoy, of Glancy Prongay &
Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150528005562/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com