Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Itron, Inc. (NASDAQ:ITRI) resulting from allegations that Itron may have issued materially misleading business information to the investing public.
On March 1, 2016, Itron announced that it is delaying the filing of its Form 10-K for the period ended Dec. 31, 2015 with the Securities and Exchange Commission, because it identified deficiencies in its revenue processes and controls, the combination of which represents a material weakness, and thus it expected to file the Form 10-K on or before March 15, 2016. On March 15, 2016, Itron announced that it is further delaying the filing of its Form 10-K beyond the March 15, 2016 due date, and that it expects to receive a notice from NASDAQ indicating that it is not currently in compliance with NASDAQ Listing Rule 5250(c)(1). On this news, shares of Itron fell sharply during intraday trading on March 16, 2016.
Rosen Law Firm is investigating a potential class action lawsuit to recover losses suffered by Itron investors. If you purchased shares of Itron on or before March 15, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-859.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
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