LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Desarrolladora Homex S.A.B. de C.V. (“Homex” or the “Company”) (formerly NYSE: HXM; formerly OTCMKTS: DHOXQ; formerly OTCMKTS: DHOXY) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 3, 2017, the SEC announced that Homex agreed to settle charges that it reported fake sales of more than 100,000 homes to boost revenues. The SEC alleged that the Company inflated the number of homes sold during a three-year period by approximately 317% and overstated its revenue by 355% (or approximately $3.3 billion). The New York Stock Exchange previously delisted the company in May of 2014.
If you purchased Homex securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.