NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Kulicke and Soffa Industries, Inc. (NASDAQGS: KLIC) concerning possible violations of federal securities laws.
Kulicke and Soffa issued a press release on May 10, 2018, disclosing it will not file its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission in a timely manner. The Company stated it had “learned of certain unauthorized transactions by a senior finance employee of the Company” and has begun an investigation with the assistance of outside advisors. Kulicke and Soffa has also discovered “that certain warranty accruals in prior periods had been accounted for incorrectly and therefore misstated.”
If you suffered a loss in Kulicke and Soffa and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/kulicke-and-soffa-industries-inc.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.