Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Donaldson Company Inc (NYSE: DCI) 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 Donaldson Company Inc (NYSE: DCI)  concerning whether a series of statements by Donaldson Company Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 29, 2015, Donaldson Company Inc announced that its Compliance Committee received reports from two former employees that revenue for a project in the European Gas Turbine Products business was improperly recognized in the second quarter of fiscal 2015. Due to this announcement Donaldson Company is temporarily unable to file its Annual Report on Form 10-K for its fiscal year ended July 31, 2015. An internal investigation by the company is ongoing to verify the validity of these reports. The findings to date show the company has concluded that documents were altered with the intent to incorrectly recognize revenue for certain transactions in periods earlier than would be allowable under generally accepted accounting principles. There is also a suggestion of possible intentional deferring of certain charges from suppliers to later time periods than appropriate.

On this news, NYSE: DCI dropped approximately $1.02, or 3.38%, in after-hours trading on September 29, 2015.

Based in Minneapolis, Minnesota, and founded in 1915 Donaldson Company Inc works in the manufacture and sale of filtration systems and replacement parts. The company functions through two segments, Engine Products and Industrial Products.

If you purchased shares of Donaldson Company Inc (NYSE: DCI) on or before On September 29, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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