On March 31, 2017, the Company announced that there would be further delay in the filing of the Company's Form 10-K for the year ended December 31, 2016. Previously, on March 14, 2017, the Company disclosed that its accounting for non-controllable interests of acquired partnerships was incorrect and the error would result in the reporting of a material weakness in internal controls over financial reporting. In addition, the Company disclosed that the previously announced financial statements for the years ended December 31, 2014 and 2015 and the first three quarters of 2016 should no longer be relied upon.
Our investigation concerns whether the Company's board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own U.S. Physical shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP