ZQK INVESTOR ALERT: Investigation of Quicksilver, Inc. Announced by Glancy Binkow & Goldberg LLP
April 24 2015 - 9:30AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims on behalf of investors of
Quicksilver, Inc. (“Quicksilver” or the “Company”) (NYSE: ZQK)
concerning the Company’s and its officers’ possible violations of
federal securities laws.
The investigation relates to a series of disclosures that
demonstrate the Company lacks adequate internal controls and
potentially misled investors in its financial reporting, and two
top executives have resigned their positions in the wake of an
audit committee investigation.
Disclosures by the Company and news sources show that between
March 4, 2015 and March 27, 2015: 1) the Company revealed that it
would delay its first quarter earnings report due to its audit
committee investigation of a “revenue cut-off issue;” 2)
Quicksilver’s internal control over financial reporting were not
effective as of October 31, 2014; 3) the Company’s Chairman and
CEO, Andrew P. Mooney was removed from his post; and, 4) the
Company’s Chief Financial Officer, Richard Shields, abruptly
resigned. On this news, shares of Quicksilver sharply declined
thereby damaging investors.
If you purchased shares of Quicksilver prior to March 26, 2015,
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, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://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.
Glancy Binkow & Goldberg LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com