EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Desarrolladora Homex, S.A.B. de C.V. –formerly HXM, DHOXQ, DHOXY

NEW YORK--()--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of the American Depositary Shares of Desarrolladora Homex, S.A.B. de C.V. (formerly NYSE: HXM; formerly OTCMKTS: DHOXQ; formerly OTCMKTS: DHOXY) resulting from allegations that Homex may have issued materially misleading business information to the investing public.

On March 3, 2017, Homex agreed to settle charges with the U.S. Securities and Exchange Commission (“SEC”) for allegedly reporting $3.3 billion in fraudulent sales revenue to boost revenues in its financial statements during a three year period. According to the SEC’s complaint, between 2010 and 2013, Homex overstated its revenue by 355%, or roughly $3.3 billion by reporting fictitious sales of more than 100,000 homes, inflating the numbers of homes actually sold more than fourfold. The SEC’s complaint further alleges that “Homex’s Headquarters Financial Reporting Personnel intentionally and knowingly uploaded false information into the Company’s internal reporting and accounting systems in order to perpetrate the fictitious revenue scheme.”

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Homex investors. If you purchased shares of Homex on or before December 9, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1076.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

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

Attorney Advertising. Prior results do not guarantee a similar outcome.

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 Investigating Potential Securities Claims Against Desarrolladora Homex, S.A.B. de C.V. – formerly HXM, DHOXQ, DHOXY

#Hashtags

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