Harwood Feffer LLP Announces Investigation of General Cable Corporation
NEW YORK, Oct. 22, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of General Cable Corporation ("General Cable" or the "Company") (NYSE: BGC), concerning whether the board has breached its fiduciary duties to shareholders.
On October 15, 2013, General Cable disclosed the existence of accounting errors in its financial statements from 2008 through 2012. The errors primarily concern the Company's value added tax and revenue recognition in connection with certain projects in Brazil. As a result, the Company's financial statements for the fiscal years of 2008, 2009, 2010, 2011, and 2012, and all quarterly filings within those years, as well as the first quarter of fiscal 2013, should not be relied upon.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own General Cable shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP