Thieler Law Corp advises investors with losses exceeding $100,000 of the October 26, 2015 lead plaintiff deadline in a class action lawsuit filed against Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) (“Caesarstone” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Caesarstone securities between March 25, 2013 and August 18, 2015, have until October 26, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Caesarstone securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose the following,  the cost of quartz rose significantly to nearly 20% in 2014 while the Company claimed in SEC filings the level of the price increase was just 4%; independent lab tests showed that CaesarStone’s samples contained less quartz than advertised; CaesarStone’s reported consolidated margins, gross margins, and EBITDA were overstated; the Company had downplayed the extent of and risk created the amount of lawsuits for approximately 60 silicosis-related injuries or deaths suffered by workers and fabricators of its product in Israel; what the effect would be on the opening of a new U.S. facility and associated costs considering recent OSHA warnings regarding silicosis;  recent inspection reports exposed audit deficiencies related to revenue and inventory controls; and that as a result of the foregoing, Defendants’ statements about CaesarStone’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis the times specified in the complaint.

On August 19, 2015, analyst firm Spruce Point Capital Management published a report on CaesarStone describing these particular false and misleading statements and failures of disclosure.  After the release of this news, NASDAQ: CSTE  American Depositary Shares declined $3.68, or 7.6%, to close at $44.61 on August 19, 2015.

If you were negatively impacted by your investment in Caesarstone securities between August 18, 2015, have until October 26, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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