The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against UniTek Global Services
byDec 20th 2012 7:34PM
The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against UniTek Global Services, Inc.- UNTK
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm announces that it is investigating potential securities fraud claims against UniTek Global Services, Inc. (NAS: UNTK) resulting from allegations that the Company may have issued materially inaccurate financial statements.
On April 12, 2013 UniTek announced that its previously issued consolidated financial statements for the interim periods ended March 31, 2012, June 30, 2012 and September 29, 2012 (the "2012 Fiscal Quarters"), the interim period ended October 1, 2011 and the fiscal year ended December 31, 2011 should no longer be relied upon. UniTek added that "it was determined that several employees of the Company's Pinnacle Wireless subsidiary engaged in fraudulent activities that resulted in improper revenue recognition." UniTek announced that the several employees were terminated including the Company's CFO.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of UniTek investors. If you purchased UniTek stock between May 12, 2012 and April 12, 2013, please visit the website at http://rosenlegal.com to join the class action. You may also contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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The Rosen Law Firm P.A.
Laurence Rosen, Esq. / Phillip Kim, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Toll Free: 1-866-767-3653
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