LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Welbilt, Inc. (“Welbilt” or the “Company”) (NYSE: WBT) investors concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether the Company misled investors through alleged deceptive accounting techniques, including failing to maintain effective internal controls, and incorrectly recording the tax basis of a foreign subsidiary, incorrectly amortizing the intangible assets held by the same entity and not recording certain intercompany transactions on a timely basis. On this news, shares of Welbilt fell thereby injuring investors.
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If you purchased Welbilt, 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 shareholders@glancylaw.com, 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.
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