Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against IEC Electronics Corp.
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against IEC Electronics Corp. Business Wire LOS ANGELES -- August 10, 2013 The Law Offices of Todd M. Garber announces that investors of IEC Electronics Corp. (“IEC” or the “Company”) (NYSE:IEC) have until August 27, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Southern District of New York. The lawsuit was filed 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”). 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 above-described Class, you may move the Court no later than August 27, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you purchased IEC shares prior to the Class Period, or have any questions concerning 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