WILMINGTON, Del., April 8, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you, or did you, own shares of Quiksilver, Inc.
(NYSE: ZQK)?
- Did you purchase your shares between June 6, 2014 and March 26,
2015, inclusive?
- Did you lose money in your investment in Quiksilver,
Inc.?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant
United States Attorney, Timothy J.
MacFall, announces that a complaint has been filed in the
United States District Court for the Central District of
California on behalf of all
persons or entities that purchased the common stock of Quiksilver,
Inc. ("Quiksilver" or the "Company") (NYSE: ZQK) between
June 6, 2014 and March 26, 2015, inclusive (the "Class Period"),
alleging violations of the Securities Exchange Act of 1934 against
the Company and certain of its officers (the "Complaint").
If you purchased shares of Quiksilver during the Class Period,
or purchased shares prior to the Class Period and still hold
Quiksilver, and wish to discuss this action or have any
questions concerning this notice or your rights or interests,
please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com;
or at:
http://www.rigrodskylong.com/investigations/quiksilver-inc-zqk.
The Complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements, and
omitted materially adverse facts, about the Company's business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public that: (1)
the Company lacked adequate internal controls over financial
reporting; and (2) as a result of the foregoing, the Company's
financial statements were materially false and misleading at all
relevant times. As a result of defendants' alleged false and
misleading statements, the Company's stock traded at artificially
inflated prices during the Class Period.
According to the Complaint, on March 26,
2015, the Company filed an amended Form 10-K for the fiscal
year ended October 31, 2014 which
revealed that its internal control over financial reporting was not
effective as of October 31,
2014. The next day, Quiksilver announced the abrupt removal
of the Company's Chairman and Chief Executive Officer, effective
March 27, 2015, and the sudden
resignation of its Chief Financial Officer, effective April 3, 2015.
On this news, shares in Quiksilver dropped over 15%, closing at
$1.90 per share on March 27, 2015, on heavy trading
volume.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 1,
2015. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of
the claims of other class members, and that the class member will
adequately represent the class. Your ability to share in any
recovery is not, however, affected by the decision whether or not
to serve as a lead plaintiff. Any member of the proposed
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.
While Rigrodsky & Long, P.A. did not file the Complaint in
this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, including claims
for breach of fiduciary duty and proxy violations in the
Delaware Court of Chancery and in
state and federal courts throughout the
United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-rigrodsky--long-pa-announces-a-securities-fraud-class-action-lawsuit-has-been-filed-against-quiksilver-inc-300063085.html
SOURCE Rigrodsky & Long, P.A.