NEW YORK, June 30, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Quadrant 4 System Corp. ("QFOR" or the "Company") (OTCMKTS: QFOR). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/qfor.
The investigation concerns whether QFOR and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 30, 2016, the U.S. Department of Justice revealed that it had charged Nandu Thondavadi, QFOR's then current CEO with misrepresenting the Company's cash flows and concealing its liabilities in Securities and Exchange Commission ("SEC") filings. Following this news, QFOR stock dropped $0.16 per share or over 80%'s to close at $0.03 per share on December 1, 2016. Then on June 30, 2017, the SEC announced that it had charged Nandu Thondavadi and QFOR's former chief financial officer Dhru Desai in an accounting fraud scheme that deceived sharehodlers and allowed the former executives to collect millions from the firm for their own advantage.
If you are aware of any facts relating to this investigation, or purchased QFOR shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/qfor. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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 | firstname.lastname@example.org
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