Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Tower Semiconductor Ltd (NASDAQ: TSEM) 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 Tower Semiconductor Ltd (NASDAQ: TSEM) concerning whether a series of statements by Tower Semiconductor Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 14, 2016, Spruce Point Capital Management published a review on Tower called "Leaning Tower of Losses." According to this report, "Tower may have heavily promoted [a joint venture deal with] Panasonic . . . to inflate its stock, and convert its Series F debt to equity to relieve its debt burden. We have evidence to suggest Tower inflated the value of the [joint venture's] assets from approx. $100m to $300m in order to inflate a bargain purchase gain to bolster its equity." Furthermore, Spruce Point suggests that Tower engaged in other accounting maneuvers designed to give the appearance of strong Non-GAAP gross margins, profitability, and free cash flow.

 On this news, NASDAQ: TSEM shares fell sharply during intraday trading on January 14, 2016.

Based in Migdal Haemek, Israel, and founded in 1993 Tower Semiconductor Ltd is an independent semiconductor foundry, engaged in manufacturing analog intensive mixed-signal semiconductor devices.

If you purchased shares of Tower Semiconductor Ltd (NASDAQ: TSEM) on or before January 14, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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