LOS ANGELES, CA / ACCESSWIRE / August 22, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SAExploration Holdings, Inc. (“SAExploration” or “the Company”) (NASDAQ:SAEX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SAExploration disclosed on August 15, 2019, that it was the subject of an SEC investigation into accounting issues the Company experienced from 2015 to 2016. The Company also announced that it had reevaluated its relationship with Alaska Seismic Ventures, LLC, and would, therefore, be restating its financial statements for the fiscal years from 2015 to 2018 and would delay filing its 10-Q for the quarter ending June 30, 2019. Based on these facts, shares of SAExploration fell sharply during trading hours on August 16, 2019.
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SOURCE: The Schall Law Firm
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