Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Orbotech Ltd (NASDAQ: ORBK) 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 Orbotech Ltd (NASDAQ: ORBK) concerning whether a series of statements by Orbotech Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 22, 2017, Orbotech revealed that the Israel Tax Authority is conducting a criminal investigation in connection with tax positions taken by the Company. Numerous of the Orbotech's employees, including officers, are being questioned, as are tax consultants from the Company's independent registered accounting firm.
Following this news, NASDAQ: ORBK fell as much as $5.88 or over 16%, during intraday trading on May 22, 2017.
Based in Yavne, Israel, and founded in 1981 Orbotech Ltd provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices (SDs) internationally.
If you purchased shares of Orbotech Ltd (NASDAQ: ORBK) on or before May 22, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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