DALLAS, July 10, 2012 /PRNewswire/ -- Branham Law, LLP announces that it is investigating JBI, Inc. (PINKSHEETS: JBII) for possible securities law violations relating to possible material misrepresentations which may have artificially inflated the stock's market price. The apparent misrepresentations occurred during the third quarter of 2009 and the company restated its earnings for the entirety of 2009.
Investors who have held JBI, Inc. stock between August 2009 and July 2011, and currently hold the stock, or anyone with information about this investigation should contact the Branham Law, LLP at email@example.com or call (855) 722-5910.
JBI has stated that certain SEC filings in 2009 should not be relied upon "due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock." Moreover, the Company dismissed its public accounting firm, Gately and Associates, on May 13, 2010.
"We are very concerned about the apparent misrepresentations during these periods and their effects on shareholders," said Trey Branham, the Managing Partner of Branham Law.
Contact Trey Branham, Branham Law, LLP, 1-855-722-5910, 3900 Elm Street, Dallas, Texas 75226 for additional information.
SOURCE Branham Law, LLP