Ryan & Maniskas, LLP Announces Investigation of Tech Data Corp.
WAYNE, Pa., April 1, 2013
WAYNE, Pa., April 1, 2013 /PRNewswire/ --Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/tech) has commenced an investigation into potential
securities law violations by certain officers of Tech Data Corp. ("Tech Data"
or the "Company") (NASDAQ: TECD). The investigation focuses on allegations
that certain statements issued by the Company regarding the Company's
business, operations and financial condition were false and misleading.
Tech Data shareholders should contact Richard A. Maniskas, Esquire at
877-316-3218 or at firstname.lastname@example.org to learn more about this
The investigation is related to the Company's March 21, 2013 announcement that
it will restate certain of its financial results for its 2011, 2012 and 2013
fiscal years. The Company said investors should no longer rely on the
financial data reported relating to these periods. The restatement will reduce
previously reported consolidated operating income by approximately $30-40
million and consolidated net income by approximately $25-33 million. According
to the Company, "the restatement will be made to correct improprieties related
to how the Company's U.K. subsidiary reflected vendor accounting." In
addition, the Company will likely seek a 15-day filing extension for its
Annual Report on Form 10-K for the fiscal year ended January 31, 2013.
If you purchased Tech Data shares and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A. Maniskas,
Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/tecd.
You may also email Mr. Maniskas at email@example.com. For more
information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
SOURCE Ryan & Maniskas, LLP
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