SAN DIEGO, April 26, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on May 6, 2016 in the lawsuit that was filed for certain investors in shares of PTC Inc (NASDAQ:PTC) over alleged Securities Laws Violations by PTC Inc.
Investors who purchased shares of PTC Inc (NASDAQ:PTC) have certain options and for certain investors are short and strict deadlines running. Deadline: May 6, 2016. (NASDAQ:PTC) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the defendants issued certain allegedly false and misleading statements to investors and/or failed to disclose that PTC Inc did not disclose to the Securities and Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) the full results of its investigation into whether PTC China improperly provided recreational travel to Chinese government officials in violation of the FCPA, that PTC Inc was not cooperating with the SEC and the DOJ in connection with their investigations into whether PTC China improperly provided recreational travel to Chinese government officials in violation of the FCPA, that PTC’s books and records were inaccurate and PTC failed to maintain adequate internal accounting controls, and that as a result, PTC’s public statements were materially false and misleading at all relevant times.
On February 16, 2016, PTC Inc announced agreements with the SEC and the DOJ that resolve a previously disclosed FCPA investigation pertaining to expenditures by certain former employees and business partners in China between 2006 and 2011. PTC Inc said that in connection with the agreements, PTC and its China subsidiaries will pay $28.2 million in penalties and interest to these agencies. Shares of PTC Inc declined from $42.25 per share in June 2015 to as low as $27.06 per share on February 8, 2016.
Those who purchased PTC Inc (NASDAQ:PTC) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.