LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Orbotech Ltd. (“Orbotech” or the “Company”) (NASDAQ: ORBK) concerning the Company and its officers’ possible violations of federal securities laws.
GPM represents investors in securities class actions, seeking to recoup damages caused by corporate fraud and wrongdoing.
On May 22, 2017, Orbotech disclosed a tax assessment of approximately $58 million issued by the Israel Tax Authority (“ITA”) for fiscal years 2012-2014. Orbotech further disclosed that the ITA has questioned certain of the Company’s employees, including officers in connection with a potential criminal investigation into the tax liabilities.
On this news, shares of Orbotech fell sharply, over 7% or $3.00 per share, during intraday trading on May 22, 2017.
If you purchased Orbotech 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 http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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