Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against IEC Electronics Corp.
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against IEC Electronics Corp. Business Wire LOS ANGELES -- June 28, 2013 Glancy Binkow & Goldberg LLP, representing investors of IEC Electronics Corp. (“IEC” or the “Company”) (NYSE:IEC), has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of IEC securities between February 8, 2012, and May 21, 2013, inclusive (the “Class Period”). A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER OR IF YOU PURCHASED IEC SECURITIES PRIOR TO THE CLASS PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED. IEC is a provider of electronic contract manufacturing services (“EMS”) to advanced technology companies. The Complaint alleges that during the Class Period the Company issued false and/or misleading statements and/or failed to disclose that: (1) the Company was improperly accounting for work-in-process inventory for one of its subsidiaries; (2) as a result, the Company’s gross profit was overstated during the Class Period; (3) as such, the Company’s financial results were not prepared in accordance with Generally Accepted Accounting Principles (“GAAP”); (4) the Company lacked adequate internal and financial controls; and (5), as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times. If you are a member of the Class described above you may move the Court no later than 60 days from the date of this Notice to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action or if you purchased IEC securities prior to the Class Period 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, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, 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 (888) 773-9224 or Glancy Binkow & Goldberg LLP, New York, NY Gregory Linkh (212) 682-5340 or (888) 773-9224 email@example.com www.glancylaw.com