Glancy Binkow & Goldberg LLP Announces Investigation of IEC Electronics Corp.
Glancy Binkow & Goldberg LLP Announces Investigation of IEC Electronics Corp. Business Wire LOS ANGELES -- May 02, 2013 Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors who purchased the common stock of IEC Electronics Corp. (“IEC” or the “Company”) (NYSE MKT:IEC) between February 8, 2012 and April 30, 2013. The investigation is related to certain statements issued by IEC during the foregoing period regarding IEC’s financial performance. PLEASE CONTACT GLANCY BINKOW & GOLDBERG LLP IF YOU HAVE INFORMATION OR TO DISCUSS THIS INVESTIGATION AT (310) 201-9150, TOLL-FREE AT (888) 773-9224, OR BY EMAIL AT SHAREHOLDERS@GLANCYLAW.COM. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED. The investigation is related to the Company’s May 1, 2013 announcement that IEC’s consolidated financial statements for the fiscal year ended September 30, 2012, the quarterly periods during fiscal 2012, and the quarter ended December 28, 2012 are being restated due to “an error in accounting for work-in-process inventory at one of the Company's subsidiaries, Southern California Braiding, Inc.” According to the Company: “This error resulted in an aggregate understatement of cost of sales and an aggregate overstatement of gross profit during all such Restated Periods of approximately $2.2 million.” If you purchased IEC stock prior to or between February 8, 2012 and April 30, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Glancy Binkow & Goldberg LLP, Los Angeles, CA Michael Goldberg (310) 201-9150 or (888) 773-9224 email@example.com www.glancylaw.com