NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) resulting from allegations that Kulicke and Soffa may have issued materially misleading business information to the investing public.
On May 10, 2018, Kulicke and Soffa issued a press release announcing it would not file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission (“SEC”) in a timely manner. Kulicke and Soffa reported that it had “learned of certain unauthorized transactions by a senior finance employee of the Company” and has commenced an investigation. Kulicke and Soffa also disclosed that “certain warranty accruals in prior periods had been accounted for incorrectly and [were] therefore misstated.” On this news, shares of Kulicke and Soffa have fallen sharply during intraday trading on May 11, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Kulicke and Soffa investors. If you purchased shares of Kulicke and Soffa please visit the firm’s website at http://www.rosenlegal.com/cases-1342.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
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