The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) securities between November 16, 2017 and May 10, 2018.
According to the KLIC lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Kulicke and Soffa Industries, Inc.'s consolidated financial statements for the fiscal year ending September 30, 2017 could no longer be relied upon due to misstated warranty accruals; and (2) as a result, Defendants' public statements were materially false and misleading at all relevant times. On May 10, 2018, Kulicke and Soffa issued a press release disclosing it will not file its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission in a timely manner. The Company stated it had “learned of certain unauthorized transactions by a senior finance employee of the Company” and begun an investigation with the assistance of outside advisors. Kulicke and Soffa has also discovered “that certain warranty accruals in prior periods had been accounted for incorrectly and therefore misstated.”
"Kulicke and Soffa Industries"
If you suffered a loss in Kulicke and Soffa Industries, Inc. you have until July 10, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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