The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against UniTek Global Services, Inc.- UNTK
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm announces that it is investigating potential securities fraud claims against UniTek Global Services, Inc. (NAS: UNTK) resulting from allegations that the Company may have issued materially inaccurate financial statements.
On April 12, 2013 UniTek announced that its previously issued consolidated financial statements for the interim periods ended March 31, 2012, June 30, 2012 and September 29, 2012 (the "2012 Fiscal Quarters"), the interim period ended October 1, 2011 and the fiscal year ended December 31, 2011 should no longer be relied upon. UniTek added that "it was determined that several employees of the Company's Pinnacle Wireless subsidiary engaged in fraudulent activities that resulted in improper revenue recognition." UniTek announced that the several employees were terminated including the Company's CFO.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of UniTek investors. If you purchased UniTek stock between May 12, 2012 and April 12, 2013, please visit the website at http://rosenlegal.com to join the class action. You may also contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
The Rosen Law Firm P.A.
Laurence Rosen, Esq. / Phillip Kim, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Toll Free: 1-866-767-3653
KEYWORDS: United States North America New York
The article The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against UniTek Global Services, Inc.- UNTK originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.