NEW YORK, May 22, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Orbotech Ltd. ("Orbotech" or the "Company") (NASDAQ: ORBK).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on May 22, 2017, the Company filed a Form 6-K with the Securities and Exchange Commission disclosing that the Israel Tax Authority conducted an investigation on May 22, 2017, involving "document collection at the Company's headquarters in Israel and at the office of the Company's tax consultant." The Form 6-K states that "the criminal investigation relates to tax positions taken by the Company in the audit period as well as in prior periods." In addition, several Company employees, as well as tax consultants from the Company's independent registered accounting firm are being questioned in connection with the investigation.
On this news, Orbotech's share price has declined during intraday trading on May 22, 2017, causing harm to investors.
If you invested in Orbotech stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/ORBK. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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