LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Trecora Resources (“Trecora” or the “Company”) (NYSE: TREC) concerning possible violations of federal securities laws.
Trecora revealed that the Company's Audit Committee, "following consultation with management and discussion with the company's independent registered public accounting firm . . . concluded that there were errors in the accounting for its equity in earnings from its investment in AMAK in Q2 and Q3 2016."
Trecora then announced to investors that its quarterly reports for those periods should no longer be relied upon, and that it would restate its financial and operating outcomes for those quarters before filing its 2016 annual report. When this information was disclosed to investors, the value of Trecora fell, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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