Kulicke and Soffa Industries Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Kulicke and Soffa Industries Inc |
Stock Symbol : | NASDAQ: KLIC |
Class Period Start: | 11/16/2017 |
Class Period End: | 05/10/2018 |
Lead Plaintiff motion: | 07/10/2018 |
Date Filed: | 05/11/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Central District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 10, 2018 lead plaintiff deadline in a class action lawsuit filed against Kulicke and Soffa Industries Inc (NASDAQ: KLIC) (“Kulicke and Soffa” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Kulicke and Soffa Industries Inc securities between November 16, 2017 and May 10, 2018, have until July 10, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Kulicke and Soffa Industries Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 that Kulicke and Soffa’s consolidated financial statements for the fiscal year ending September 30, 2017 could no longer be relied upon due to misstated warranty accruals; and as a result, Defendants’ public statements were materially false and misleading at all relevant times. On May 10, 2018, the Company revealed that it would be “unable to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018” on time. The Company also revealed that it was conducting an internal investigation related to unauthorized transactions by a “senior finance employee” and that “in the course of this investigation, the Company discovered that certain warranty accruals in prior periods were accounted for incorrectly and therefore misstated.” Following this news, NASDAQ: KLIC fell more than 8% during intraday trading on May 11, 2018. If you were negatively impacted by your investment in Kulicke and Soffa Industries Inc securities between November 16, 2017 and May 10, 2018 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |