NEW YORK, Oct. 7, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at RPM International Inc. ("RPM" or the "Company") (NYSE: RPM).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on September 9, 2016, the U.S. Securities and Exchange Commission ("SEC") filed a complaint against the Company with allegations of accounting fraud. The complaint alleges that RPM failed to appropriately and timely disclose a loss contingency, or document an accrual for an investigation by the U.S. Department of Justice ("DOJ"). Specifically, in connection with the DOJ investigation, RPM faced a material loss that was probable and reasonably estimable. However, RPM failed to report the loss contingency or document an accrual on its books when it was required to do so. As result of the aforementioned allegations, the value of RPM stock has significantly declined.
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If you invested in RPM stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/RPM. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding RPM's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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