Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of General Cable Corporation (NYSE: BGC) 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 General Cable Corporation (NYSE: BGC) concerning whether a series of statements by General Cable Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 29, 2016, General Cable revealed that it would pay $82.3 million to resolve a U.S. government investigation into inappropriate payments to public officials in Egypt, Angola, Bangladesh, China, Indonesia and Thailand. According to the United States Department of Justice, "between 2002 and 2013, General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the company approximately $51 million in profits."
Following this news, the value of General Cable fell sharply, causing investors harm.
Based in Highland Heights, Kentucky, and founded in 1992 General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, and specialty and communications markets.
If you purchased shares of General Cable Corporation (NYSE: BGC) on or before December 29, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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