Law Offices of Todd M. Garber Announces Investigation of IEC Electronics Corp.
Law Offices of Todd M. Garber Announces Investigation of IEC Electronics Corp. Business Wire LOS ANGELES -- May 20, 2013 The Law Offices of Todd M. Garber announces that it is investigating potential claims against IEC Electronics Corp. (“IEC” or the “Company”) (NYSE MKT:IEC) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by IEC between February 8, 2012 and April 30, 2013 regarding IEC’s financial performance. IEC provides electronic contract manufacturing services to advanced technology companies in the United States. 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 common stock, 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Law Offices of Todd M. Garber Todd M. Garber, Attorney at Law Los Angeles, California 213-700-7262 firstname.lastname@example.org