QUIKSILVER INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Quiksilver, Inc. To Contact The Firm - ZQK
Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Quiksilver, Inc. (“Quiksilver” or the “Company”) (NYSE: ZQK) of the June 1, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Quiksilver and certain executives.
A complaint has been filed in the Central District of California on behalf of all persons who purchased Quiksilver common stock from June 6, 2014 through March 26, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that the Company lacked adequate internal controls over financial reporting and because of this the Company’s financial statements were materially false and misleading at all relevant times.
On March 26, 2015, the Company announced that its Chief Executive Officer and Chief Financial Officer had left the Company. The Company also restated its selected quarterly fiscal year 2014 balance sheet data and income statement data. The Company said it made errors when recording a write down of the sale of its stake in Surfdome Shop Ltd.
Following this news, the price of the Company’s stock dropped dramatically.
If you invested in Quiksilver stock or options during the Class Period and would like to discuss your legal rights contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Quiksilver’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
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