NEW YORK, March 1, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Trecora Resources ("Trecora" or the "Company") (NYSE: TREC). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Trecora and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 1, 2017, post-market, Trecora announced that the Company's Audit Committee, "following consultation with management and discussion with the company's independent registered public accounting firm . . . concluded that there were errors in the accounting for its equity in earnings from its investment in AMAK in Q2 and Q3 2016." Trecora further advised investors that the Company's quarterly reports for those periods should no longer be relied upon, and that Trecora would restate its financial and operating results for those quarters before filing its annual report for 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP