NEW YORK, Sept. 16, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Fenix Parts, Inc. ("Fenix Parts" or the "Company") (NasdaqGM: FENX). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Fenix Parts and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 18, 2015, the company announced that it would be unable to timely file its quarterly report for the period ended June 30, 2015, and disclosed that, "because of the extensive process necessary to compile this information for SEC reporting, we are delaying our filing until September 2." On September 2, 2015, the company failed to file its quarterly report, announced second quarter 2015 pro forma revenues of $27 million, and further disclosed that it expected to report a loss for the quarter. On September 10, 2015, the company was the subject of an analyst report by TheStreetsweeper.org that criticized the company's allegedly misleading financial statements, as well as the company's lack of adequate internal controls over accounting.
Following this news, shares of Fenix Parts fell $1.12 or 11.68%, to close at $8.47 on September 10, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Fenix Parts, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman 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, email and telephone number.
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 or Eitan Kimelman 212-697-6484
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