Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Annie's, Inc.
NEW YORK, June 9, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Annie's, Inc. ("Annie's" or the "Company") (NYSE: BNNY). The investigation focuses on whether the Company and its executives violated federal securities laws.
On June 4, 2014, the Company announced in an Securities and Exchange Commission, Form 8-K filing, that "on June 1, 2014, the Audit Committee of the Board of Directors (the "Audit Committee") of Annie's Inc.. (the "Company") was orally informed by its independent registered public accounting firm, PricewaterhouseCoopers LLP ("PwC"), that PwC was resigning effective the earlier of August 11, 2014 or the completion of the Company's filing with the Securities and Exchange Commission of the Form 10-Q for the period ending June 30, 2014."
Annie's also disclosed that that there was "material weakness in internal control over financial reporting" for the fiscal year ended March 31, 2014. "The material weakness identified in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2014 related to an insufficient complement of finance and accounting resources, including employee turnover, within the organization resulting in design deficiencies in certain areas in which our controls were not precise enough to detect misstatements that in the aggregate could be material to the consolidated financial statements."
On this news, shares of Annie's fell $2.25 per share to $30.35, or more than 6.90%, in intraday trading on June 4, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Prospect Capital you can assist this investigation by contacting either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC