Thieler Law Corp advises investors with losses exceeding $100,000 of the June 1, 2015 lead plaintiff deadline in a class action lawsuit filed against Quiksilver Inc (NYSE: ZQK)  (“Quiksilver” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Quiksilver securities between  June 6, 2014 and March 26, 2015, have until June 1, 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 Quiksilver 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 related and/or allegedly failed to disclose that Quiksilver Inc lacked adequate internal controls over financial reporting.

Quiksilver Inc reported that its Total Revenue declined from over $1.94 billion for the 12 months period that ended on October 31, 2012 to over $1.57 billion for the 12 months period that ended on October 31, 2014 and that its respective Net Loss increased from $10.76 million to $309.38 million.

On March 4, 2015, Quiksilver Inc (NYSE: ZQK) announced that it had postponed the distribution of its 2015 first quarter earnings release, as well as the related conference call and webcast previously scheduled to take place on March 5th, as a result of a revenue cut-off issue identified by management and brought to the attention of the Audit Committee. Quiksilver Inc said the Audit Committee promptly commenced an investigation last week and has not yet reached any conclusions.

On March 26, 2015, Quiksilver Inc filed an amended Form 10-K for the fiscal year ended October 31, 2014 with the Securities and Exchange Commission (“SEC”).

On March 27, 2015 Quiksilver Inc announced that Pierre Agnes, President of Quiksilver Inc, has been promoted to Chief Executive Officer and added to the Board of Directors; he succeeds Andy Mooney who is no longer with the company. Quiksilver Inc also said that Greg Healy, Quiksilver’s APAC Region President, has been promoted to President of Quiksilver Inc, and Bob McKnight has been appointed Chairman.

Shares of Quiksilver Inc (NYSE: ZQK) closed on April 2, 2015 at $1.82 per share.

If you were negatively impacted by your investment in Quiksilver Inc securities between June 6, 2014 and March 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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