Deadline in Lawsuit for Investors in Quiksilver, Inc. (NYSE:ZQK) Shares Announced by Shareholders Foundation
April 13 2015 - 9:45AM
The Shareholders Foundation, Inc. announces that a lawsuit was
filed on behalf of certain purchasers of shares of Quiksilver, Inc.
(NYSE:ZQK) over alleged Violations of Federal Securities Laws by
Quiksilver in connection with certain allegedly false and
misleading statements.
Investors who purchased a significant amount of shares of
Quiksilver, Inc. (NYSE:ZQK) between June 6, 2014 and March 26,
2015, and/or investors who purchased any (NYSE:ZQK) shares prior to
June 2014 and continue to hold any of those shares, have certain
options and for certain investors are short and strict deadlines
running. Deadline: June 1, 2015. (NYSE:ZQK) investors should
contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that Quiksilver, Inc. made allegedly false
and/or misleading statements and/or failed to disclose that
Quiksilver, Inc. lacked adequate internal controls over financial
reporting and that as a result of the foregoing, Quiksilver’s
financial statements were materially false and misleading at all
relevant times.
On March 4, 2015, Quiksilver, Inc. announced that it has
postponed the distribution of its 2015 first quarter earnings
release, as well as the related conference call and webcast
previously scheduled to take place on March 5th, as a result of a
revenue cut-off issue identified by management and brought to the
attention of the Audit Committee. Quiksilver, Inc. said the Audit
Committee promptly commenced an investigation the week before and
has not yet reached any conclusions.
On March 26, 2015, Quiksilver, Inc filed an amended Form 10-K
for the fiscal year ended October 31, 2014 with the Securities and
Exchange Commission (“SEC”). On March 27, 2015 Quiksilver, Inc
announced that the President of Quiksilver, Inc. has been promoted
to Chief Executive Officer and added to the Board of Directors; he
succeeded Andy Mooney who is no longer with the company.
Quiksilver, Inc also said that Quiksilver’s APAC Region President
has been promoted to President ofQuiksilver, Inc., and Bob McKnight
has been appointed Chairman.
The lawsuit seeks to recover damages for certain Quiksilver
investors.
Those who purchased Quiksilver, Inc. (NYSE:ZQK) 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.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108