BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Desarrolladora Homex S.A.B. de C.V. (“Homex” or the “Company”) 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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