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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of PTC Inc (NASDAQ: PTC) 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 PTC Inc (NASDAQ: PTC) concerning whether a series of statements by PTC Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 16, 2016, PTC revealed it had reached an agreement with the U.S. Securities and Exchange Commission and the Department of Justice. The agreement will resolve previously disclosed FCPA investigation pertaining to expenditures by certain former employees and business partners in China between 2006 and 2011, paying penalties and interest of $28.2 million. Department of Justice stated, in relation with the agreements, PTC would not receive voluntary disclosure credit because it did not disclose relevant facts until Department of Justice independently uncovered them and brought them to PTC's attention.
Based in Needham, Massachusetts, and founded in 1985 PTC Inc develops and delivers software products and solutions.
If you purchased shares of PTC Inc (NASDAQ: PTC) on or before February 16, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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