NEW YORK, Feb. 26, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of PTC Inc. ("PTC" or the "Company") (NASDAQ: PTC), concerning whether the board has breached its fiduciary duties to shareholders.
On February 16, 2016, Reuters reported that PTC will pay $28 million to resolve Department of Justice and Securities and Exchange Commission investigations into allegations that the Company had given over $1 million in recreational travel to public officials in China. In the settlement, PTC admitted it had bribed employees of state-owned companies in China.
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 PTC 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.
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.
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SOURCE Harwood Feffer LLP