SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of CaesarStone Sdot-Yam Ltd. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 26, 2015 -- CSTE
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 09/08/15 -- The following statement is being issued by Levi & Korsinsky, LLP:
or otherwise acquired securities of ("CaesarStone") (NASDAQ: CSTE) .
that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired CaesarStone securities between March 25, 2013 and August 18, 2015, your rights may be affected by this action. To get more information :
or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
The complaint alleges that the Company failed to disclose that: (1) the cost of quartz increased significantly by approximately 20% in 2014 while CaesarStone claimed in SEC filings the impact of the price rising was just 4%; (2) independent lab tests revealed that CaesarStone's samples contained less quartz than advertised; (3) CaesarStone's reported consolidated margins, gross margins, and EBITDA were overstated; (4) the extent of -- and risk posed by -- a rising number of lawsuits for approximately 60 silicosis-related injuries or deaths suffered by workers and fabricators of its product in Israel was understated; (5) the impact recent OSHA warnings concerning silicosis would have on the opening of a new U.S. facility and associated costs; and (6) recent inspection reports revealed audit deficiencies related to revenue and inventory controls.
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 08.09.2015 - 16:43 Uhr
Sprache: Deutsch
News-ID 418593
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Legal
Diese Pressemitteilung wurde bisher 211 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of CaesarStone Sdot-Yam Ltd. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 26, 2015 -- CSTE"
steht unter der journalistisch-redaktionellen Verantwortung von
Levi & Korsinsky, LLP (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
