NEW YORK, NY / ACCESSWIRE / July 4, 2018 / Pomerantz LLP is investigating claims on behalf of investors of Kulicke and Soffa Industries, Inc.("Kulicke and Soffa" or the "Company") (KLIC). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Kulicke and Soffa and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 10, 2018, Kulicke and Soffa issued a press release announcing it would not file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission ("SEC") in a timely manner. Kulicke and Soffa reported that it had "learned of certain unauthorized transactions by a senior finance employee of the Company" and has commenced an investigation. Kulicke and Soffa also disclosed that "certain warranty accruals in prior periods had been accounted for incorrectly and [were] therefore misstated." On this news, shares of Kulicke and Soffa have fallen sharply during intraday trading on May 11, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP