BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Kulicke and Soffa Industries, Inc. (“Kulicke and Soffa” or the “Company) (NASDAQ: KLIC) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 10, 2018, after the market closed, the Company disclosed that it would be “unable to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018” on time. The Company further disclosed that it was conducting an internal investigation related to unauthorized transactions by a “senior finance employee” and that “in the course of this investigation, the Company discovered that certain warranty accruals in prior periods were accounted for incorrectly and therefore misstated.”
On this news, the Company’s share price fell $1.80, or 7.6%, on May 11, 2018, thereby injuring investors.
If you purchased Kulicke and Soffa 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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