Block & Leviton LLP Investigates UniTek Global Services, Inc. for Possible Violations of the Federal Securities Laws
BOSTON, April 13, 2013 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by UniTek Global Services, Inc. ("UniTek" or the "Company") (NASDAQ: UNTK) following the Company's announcement, on April 12, 2013, that it would restate its financial results for fiscal years 2011 and 2012 because "several employees … engaged in fraudulent activities that resulted in improper revenue recognition." In the same release, UniTek also disclosed that numerous high ranking executives had been fired, effective immediately and without severance, including its: (i) Chief Financial Officer and Treasurer, Ronald J. Lejman; (ii) Controller and Chief Accounting Officer, Kevin McClelland; (iii) President of the Pinnacle Wireless division, Michael Hayford along with several other employees of the Pinnacle Wireless division; and (iv) an employee of the Company's finance department.
Block & Leviton's investigation seeks to determine, among other things, whether UniTek or its officers and directors violated the federal securities laws. If you purchased UniTek stock between November 15, 2011 and April 12, 2013 and have any information relevant to this investigation, or have questions about your legal rights, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at Steven@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.
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SOURCE Block & Leviton LLP