NEW YORK, March 22, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Itron, Inc. ("Itron" or the "Company") (NASDAQ: ITRI), concerning whether the board has breached its fiduciary duties to shareholders.
On March 1, 2016, the Company disclosed that it could not timely file its Form 10-K for the 2015 fiscal year due to weaknesses in its internal controls over revenue procedures. At the time, Itron stated it would file the Form 10-K on March 15, 2016.
On March 15, 2016, the Company disclosed it would not be able to file the Form 10-K as promised and that it expected to receive a notice of potential delisting from the NASDAQ exchange.
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 Itron 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.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
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.
The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP