Deadline on March 14, 2014 in Lawsuit for Investors in INTL FCStone Inc (INTL)
Shares Announced by Shareholders Foundation
SAN DIEGO, Feb. 18, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc.
announces that a deadline to get actively involved is coming up on March 14,
2014 in the lawsuit filed on behalf of certain investors in shares INTL
FCStone Inc (INTL) over alleged Securities Laws Violations by INTL FCStone Inc
in connection with certain allegedly false and misleading statements made
between February 17, 2010 and December 16, 2013.
If you purchased a significant amount of shares of INTL FCStone Inc (INTL)
between, and / or if you purchased INTL FCStone Inc shares in 2010 or earlier
and currently hold any of those shares you have certain options and you should
contact the Shareholders Foundation before March 14, 2014 at
email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants made allegedly false and/or
misleading statements and/or failed to disclose that there existed critical
integration issues with the companies acquisitions, including with respect to
financial reporting for its Commodity and Risk Management unit, that INTL
FCStone Inc overstated revenues in trading gains of up to $10.2 million,
causing an overstatement of net income by approximately $6.4 million, that
INTL FCStone Inc lacked adequate internal and financial controls; and that as
a result of the foregoing INTL FCStone Inc's statements were materially false
and misleading at all relevant times.
On December 17, 2013, INTL FCStone Inc announced that it has filed a Form with
the U.S. Securities and Exchange Commission, stating that the Company was not
able to file its Form 10-K for the fiscal year ended September 30, 2013.INTL
FCStone Inc said that in connection with the preparation of its consolidated
financial statements for the fiscal year ended September 30, 2013, it
identified errors in the reconciliation of the Company's subsidiary INTL
FCStone Markets, LLC's accounting records to its back office system, which has
resulted in a delay in finalizing the Company's consolidated financial
statements required to be included in the Company's Form 10‑K.
The plaintiff seeks to recover damages on behalf of all purchasers of INTL
FCStone Inc common stock between February 17, 2010 and December 16, 2013.
Those who purchased shares of INTL FCStone Inc have certain options and should
contact the Shareholders Foundation, Inc. by e-mail at
firstname.lastname@example.org or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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