Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Boral Limited (OTC: BOALY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Boral Limited (OTC: BOALY) concerning whether a series of statements by Boral Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 5, 2019, the Company revealed that it identified financial irregularities in its North American window business, involving the misreporting of inventory levels and raw material and labor cost at the window plants, and was conducting an internal investigation into the matter.
On February 9, 2020, the Company revealed that its investigation had found inflated earnings at its North American window-making business and announced that the Company had fired the division’s vice president of finance and financial controller.
Based in North Sydney, Australia, and founded in 1946 Boral Limited manufactures and supplies building and construction materials internationally.
If you purchased shares of Boral Limited (OTC: BOALY) on or before December 5, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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