Glancy Prongay & Murray LLP Announces Investigation on Behalf of Welbilt, Inc. Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 12, 2018--Glancy Prongay & Murray LLP (“GPM”) 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.
The investigation concerns whether the Company misled investors through alleged deceptive accounting techniques, including failing to maintain effective internal controls, and incorrectly recording the tax basis of a foreign subsidiary, incorrectly amortizing the intangible assets held by the same entity and not recording certain intercompany transactions on a timely basis. On this news, shares of Welbilt fell thereby injuring investors.
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If you purchased Welbilt, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005832/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2018.
PUB: 11/12/2018 08:58 PM/DISC: 11/12/2018 08:58 PM