NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Dynamic Materials Corp. (NASDAQ: BOOM) resulting from allegations that Dynamic may have issued materially misleading business information to the investing public.
On March 5, 2015, the Company announced that its Audit Committee determined that the Company’s financial statements on Form 10-K for the years ended December 31, 2013 and 2012 and each of the quarterly reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2014 and 2013 should no longer be relied upon by investors and have to be restated. The restatement is necessary due to the Company incorrectly accounting for income tax expenses and related deferred tax assets and liabilities at its business entities in Germany. On this news, shares of Dynamic fell $0.94 per share or over 6% from its previous closing price to $14.59 per share on March 6, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Dynamic investors. If you purchased shares of Dynamic before March 6, 2015, please visit the website at http://rosenlegal.com/cases-537.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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