NEW YORK, Nov. 19, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Veeco Instruments Inc. ("Veeco" or the "Company") (NASDAQ: VECO), concerning whether the board has breached its fiduciary duties to shareholders.
On November 15, 2012, Veeco issued a press release disclosing that the Company was unable to timely file its Form 10-Q for the third quarter of 2012. The Company stated that it is examining the timing of revenue recognition on the sale of certain component systems and related upgrades. According to the press release, if the Company is required to change the timing of its recognition of any revenue, the changes could constitute material changes to results of operations and financial condition for various periods.
Our investigation concerns whether the Veeco 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 Veeco 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 Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com
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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