NEW YORK, April 24, 2013 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC remind investors that they have until June 18, 2013 to file lead plaintiff applications in a securities class action lawsuit against UniTek Global Services, Inc. (NASDAQ: UNTK), if they purchased the Company's securities during the period between May 18, 2011 and April 12, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Pennsylvania.
On April 12, 2013 UniTek announced that its previously issued consolidated financial statements for the interim periods ended March 31, 2012, June 30, 2012 and September 29, 2012 (the "2012 Fiscal Quarters"), the interim period ended October 1, 2011 and the fiscal year ended December 31, 2011 should no longer be relied upon. The Company also disclosed that, "as a result of an ongoing internal investigation being conducted by the Audit Committee of the Company's Board of Directors, with the assistance of outside independent counsel and a forensic accounting firm, it was determined that several employees of the Company's Pinnacle Wireless subsidiary engaged in fraudulent activities that resulted in improper revenue recognition." UniTek announced that the several employees were terminated including the Company's CFO.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. June 18, 2013 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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 212-697-6484
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