BOSTON, MA / ACCESSWIRE / July 5, 2018 / Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, reminds investors in Kulicke & Soffa Industries, Inc. ("Kulicke" or the "Company") (KLIC) that Tuesday, July 10, 2018 is their last chance to seek lead plaintiff status in the pending securities class action against the Company and certain of its officers and directors.
The lawsuit, filed in the United States District Court for the Central District of California (No. 2:18-cv-03969), alleges that throughout the Class Period, defendants made false and/or misleading statements in the Company's annual report for the fiscal year ended September 30, 2017.
More specifically, on May 10, 2018, after the market closed, the Company announced that its Quarterly Report for the quarter ended March 31, 2018 would not be timely filed due to an investigation into "certain unauthorized transactions by a senior finance employee of the Company." Moreover, Kulicke disclosed that certain warranty accrurals in prior periods were accounted for incorrectly.
If you purchased KLIC stock between November 16, 2017 and May 10, 2018 and wish to serve as a lead plaintiff, you must move the Court no later than July 10, 2018. If you wish to become involved in the litigation or have questions about your legal rights, you are encouraged to contact Attorney John DeFelice at (888) 868-2385, by email at email@example.com or by visiting http://shareholder.law/klic.
Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
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SOURCE: Block & Leviton LLP