On November 7, 2016, InfuSystems revealed that "the Company's audited financial statements for the fiscal year ended December 31, 2015, and the Company's unaudited financial statements for each of the fiscal quarters ended March 31, 2015 through June 30, 2016 should no longer be relied upon," citing "an error related to an overstatement of estimated accounts receivable collections which in turn overstated revenues and pre-tax income by a corresponding amount." InfuSystems also said that its "Audit Committee believes that material adjustments to the Financial Statements are required and that the Company will need to restate the Financial Statements." Following this news, InfuSystem's stock dropped $1.00 per share, or 38.46%, to close at $1.60 on November 7, 2016.
If you are aware of any facts relating to this investigation, or purchased shares InfuSystems, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/infu. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. 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
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