TRADING ALERT: Rosen Law Firm Reminds CaesarStone Sdot-Yam Ltd. Investors of Important Deadline In Class Action

NEW YORK--()--Rosen Law Firm, a global investor rights law firm, reminds purchasers of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) ADRs from March 25, 2013 through August 18, 2015 of the important October 26, 2015 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for CaesarStone investors under the federal securities laws.

According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the cost of quartz increased significantly by approximately 20% in 2014 while CaesarStone claimed in SEC filings the impact of the price rising was just 4%; (2) independent lab tests revealed that CaesarStone’s samples contained less quartz than advertised; (3) CaesarStone’s reported consolidated margins, gross margins, and EBITDA were overstated; (4) the extent of and risk posed by a rising number of lawsuits for approximately 60 silicosis-related injuries or deaths suffered by workers and fabricators of its product in Israel was understated; (5) the impact recent OSHA warnings concerning silicosis would have on the opening of a new U.S. facility and associated costs; and (6) recent inspection reports revealed audit deficiencies related to revenue and inventory controls.

On August 19, 2015, analyst firm Spruce Point Capital Management published a report on CaesarStone describing the aforementioned false and misleading statements and failures of disclosure. On this adverse news, CaesarStone ADRs fell $3.68, or 7.6%, to close at $44.61 on August 19, 2015.

If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation go to the firm’s website at http://www.rosenlegal.com/cases-699.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contacts

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Release Summary

Rosen Law Firm Representing CaesarStone Sdot-Yam Ltd. Shareholders in Securities Class Action Lawsuit Seeking to Recover Investor Losses - CSTE

Contacts

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com