BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Techtronic Industries Company Limited (“Techtronic” or the “Company”) (OTC: TTNDY) investors concerning the Company’s possible violations of federal securities laws.
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.
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 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 email@example.com, or visit our website at www.howardsmithlaw.com.
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