NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Brooks Automation, Inc. (“Brooks” or the “Company”) (NASDAQ: BRKS) resulting from allegations that Brooks might have issued misleading information to the investing public.
If you purchased Brooks securities, and/or would like to discuss your legal rights and options please visit Brooks Shareholder Class Action Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
On December 2, 2019, Brooks disclosed that it could not timely file its fiscal 2019 annual report due to a review of revenue recognition. The review was focused on the timing of revenue recognition with respect to product shipped from one of the Company's contract manufacturers within the Company's Semiconductor Solutions Group. The Company also revealed that it would report a material weakness in the financial reporting of the Brooks Life Sciences segment related to price and quantity of certain billings.
On this news, Brooks' share price fell sharply during intraday trading on December 2, 2019, thereby injuring investors.
If you purchased Brooks securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/brooksautomationinc-brks-shareholder-class-action-lawsuit-stock-fraud-227/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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