On September 8, 2016, Spruce Point Capital Management published an article alleging that Echo's stock is considerably overvalued. The article continued to say describe how Echo has overstated its purported "proprietary technology advantages," and that Echo's recent headquarter lease expansion has put violated a debt covenant, and that "rampant accounting and financial concerns" are "evident." Following this news, Echo stock has dropped as much as $1.81, or 6.79%, during intraday trading on September 8, 2016.
If you purchased Echo shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/echo. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email 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 Yael Hurwitz
212-697-6484 | email@example.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC