SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Itron, Inc. (ITRI)

Mar 16, 2016, 14:51 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, March 16, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Itron, Inc. ("Itron" or "the Company") (NASDAQ: ITRI). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Itron and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On March 1, 2016, Itron released that it would be delaying the filing of its annual report, Form 10-K for the period ended Dec. 31, 2015 with the Securities and Exchange Commission. Itron reported that it identified deficiencies with its revenue procedures and controls, the combination of which represents a material weakness, and consequently, the Company expected to file the Form 10-K on or before March 15, 2016. On March 15, 2016, Itron said that it is further delaying the filing of its Form 10-K, and that the Company expects NASDAQ to notify Itron, indicating that it is not currently in compliance with NASDAQ Listing Rule 5250(c)(1). 

Following this news, Itron stock dropped as much as $2.79 or roughly 6.5% during intraday trading on March 16, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Itron, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!itri/yag3d.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.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.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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