IMPORTANT ANNOUNCEMENT: Wolf Haldenstein Adler Freeman & Herz LLP Announces That a Federal Securities Class Action Has Been F...
April 10 2015 - 9:20PM
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.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Marisa Livesay, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, livesay@whafh.com or classmember@whafh.com
Tel: (619) 239-4599 or (212) 545-4774