Ryan & Maniskas, LLP Announces Investigation of Fabrinet

Aug 19, 2014, 17:13 ET from Ryan & Maniskas, LLP

WAYNE, Pa., Aug. 19, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Fabrinet ("Fabrinet" or the "Company") (NYSE: FN). 

Fabrinet shareholders who purchased Fabrinet shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at rmaniskas@rmclasslaw.com to learn more about this investigation or visit: www.rmclasslaw.com/cases/fn

On August 18, 2014, Fabrinet announced that it was postponing release of fourth quarter and fiscal year earnings pending an internal investigation into the Company's accounting practices. According to the Company "certain accounting issues were discovered by management, which prompted the Audit Committee to commence an internal investigation. The Audit Committee is investigating whether there were any violations of the Company's accounting policies associated with these potential accounting matters."     

On this news, shares of Fabrinet fell $3.19 or 17.97% during intraday trading to trade at $14.56 on August 18, 2014.

If you own Fabrinet shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/fn.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.  For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087

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SOURCE Ryan & Maniskas, LLP