NEW YORK, Jan. 26, 2017 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is continuing to investigate potential securities claims on behalf of shareholders of Exterran Corporation (NYSE: EXTN) resulting from allegations that Exterran may have issued materially misleading business information to the investing public.
On November 4, 2015, Exterran completed its spin-off from Exterran Holdings, Inc. into an independent, publicly traded company, and began "regular way" trading on the NYSE opening at $18.00 per share. On April 26, 2016, in addition to delaying the filing of its first quarter 2016 Form 10-Q, Exterran announced that it is restating its financial statements for 2015 because of material errors and possible irregularities relating to the accounting for certain Belleli EPC contracts, and that the financial statements for 2015 and the related independent accounting firm report should no longer be relied upon. Since the spin-off, Exterran's stock has fallen sharply from its first day trading high of $18.20 per share.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Exterran investors. If you purchased shares of Exterran on or before April 25, 2016, please visit the firm's website at http://www.rosenlegal.com/cases-887.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
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SOURCE Rosen Law Firm, P.A.