LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Techtronic Industries Company Limited (“Techtronic” or the “Company”) (OTC: TTNDY) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On February 22, 2023, Jehoshaphat Research published a report alleging, among other things, that Techtronic has been “inflating its profits dramatically for over a decade with manipulative accounting,” namely by “stuffing billions of dollars’ worth of routine expenses into various asset accounts, year after year.” The report also expressed doubts that the Company would be able to meet “consensus expectations for profit to continue its upwards trajectory in 2023.”
On this news, Techtronic’s stock price fell $3.55, or 5.7%, to close at $58.70 per share on February 22, 2023, thereby injuring investors.
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If you purchased Techtronic 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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