Faruqi & Faruqi, LLP is Investigating Parametric Technology Corporation on Behalf of its Shareholders (PMTC)
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Parametric Technology Corporation (“PMTC” or the “Company”) (NASDAQ: PMTC). The investigation focuses on whether certain officers and directors of PMTC violated shareholder protection laws by causing or allowing the Company to violate the Foreign Corrupt Practices Act.
In the Company’s Form 10-K for the fiscal year ended September 30, 2011, PMTC disclosed that internal investigations raised questions of compliance with laws, including the Foreign Corrupt Practices Act by certain business partners and employees in China which may have an adverse impact on PMTC’s level of sales in China.
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