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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Sparton Corporation (NYSE: SPA) 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 Sparton Corporation (NYSE: SPA) concerning whether a series of statements by Sparton Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 5, 2016, Sparton Corporation revealed the resignations of its President and Chief Executive Officer, and its Senior Vice-President for Corporate Development, effective immediately. On February 8, 2016, pre-market, the Barrington Research downgraded Sparton Corporation to "Market Perform."
On this news, NYSE: SPA shares fell more than 18% on intraday trading on February 8, 2016.
Based in Schaumburg, Illinois, and founded in 1900 Sparton Corporation together with its subsidiaries, engages in design, development, and manufacturing services for electromechanical devices.
If you purchased shares of Sparton Corporation (NYSE: SPA) on or before February 5, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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