INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Welbilt, Inc. Investors (WBT)
BENSALEM, Pa.--(BUSINESS WIRE)--Dec 31, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Welbilt, Inc. (“Welbilt” or the “Company”) (NYSE: WBT ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 5, 2018, Welbilt disclosed that the Company’s financial statements for fiscal years 2016 and 2017 should no longer be relied upon due to “errors primarily relate to the computation of income taxes.” The Company also disclosed that “certain intercompany transactions were not recorded on a timely basis.”
On this news, the Company’s stock price fell $5.06 to close at $14.26 per share on November 5, 2018, thereby injuring investors.
If you purchased Welbilt securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181231005014/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 12/31/2018 07:30 AM/DISC: 12/31/2018 07:30 AM