NEW YORK and SAN DIEGO, April 10, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action has been filed on behalf of all persons or entities that purchased securities of Quiksilver, Inc., (NYSE:ZQK) (“Quiksilver” or the “Company”) from June 6, 2014 through March 26, 2015, inclusive (the “Class Period”). Wolf Haldenstein encourages all shareholders who suffered losses on Quiksilver securities purchased within the Class Period to contact us immediately at (800) 575-0735 or email classmember@whafh.com.
According to the lawsuit, during the period between March 4, 2015 and March 27, 2015, the Company revealed that it would delay its first quarter earnings report due to its audit committee investigation of a "revenue cut-off issue," and that its internal controls over financial reporting were not effective as of October 31, 2014.
On March 26, 2015, the Company announced that its Chief Executive Officer, Andy Mooney, and Chief Financial Officer, Richard Shields, had left the Company. In addition, the Company restated its selected quarterly fiscal year 2014 balance sheet data and income statement data as a result of a write-down concerning the sale of its stake in Surfdome Shop Ltd.
If you purchased Quiksilver securities during the Class Period, you may, no later than June 1, 2015, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of all class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has over 70 attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the “Quiksilver Investigation.”
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.