BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Orbotech Ltd. (“Orbotech” or the “Company”) (NASDAQ: ORBK) investors concerning the Company and its officers’ possible violations of federal securities laws.
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 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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