Hagens Berman Alerts Investors in Kulicke & Soffa Industries, Inc. (KLIC) to the July 10, 2018 Securities Class Action Lead Plaintiff Deadline

World News: . []

SAN FRANCISCO, May 16, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Kulicke & Soffa Industries, Inc.  (NASDAQ: KLIC) to the in the securities class action pending in the United States District Court for the Central District of California.  If you purchased or otherwise acquired KLIC securities and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing

On November 27, 2017, Defendants announced that Jonathan Chou stepped down as Kulicke & Soffa’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer.

On May 10, 2018, the Company notified investors it would not timely file its quarterly report for the period ended March 31, 2018, explaining it is investigating certain unauthorized transactions by a senior finance employee.  Defendants also explained the Company’s financial statements for the year ended September 30, 2017 can no longer be relied upon due to misstated warranty accruals.

This news drove the price of Kulicke and Soffa shares down $1.80, or about 7.5%, to close at $21.99 on May 11, 2018.

“We’re focused on investors’ losses and which of KLIC senior officers knowingly violated Generally Accepted Accounting Principles,” said Hagens Berman partner Reed Kathrein.

More about the firm and its successes can be found at .  For the latest news visit our or follow us on Twitter at .

Contact:Reed Kathrein, 510-725-3000

More news and information about Hagens Berman Sobol Shapiro LLP

Published By:

Globe Newswire: 18:12 GMT Wednesday 16th May 2018

Published: .

Search for other references to "hagens" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers