NEW YORK, April 29, 2015 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Installed Building Products, Inc. ("IBP" or the "Company") (NYSE: IBP -News). 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 IBP and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 29, 2015, SeekingAlpha posted an article which stated that numerous red flags exist at IBP, including: "misrepresented financials, subtle alterations of earnings definitions, overstated cash flow, related party conflicts of interest, margin goals that appear disconnected from the company's economic model, heretofore poorly disclosed litigation accusing the company of systematically under-reporting hours worked and violating Fair Labor Standards Acts, and earnings estimates that have consistently been revised lower."
Following this news, shares of IBP has fallen as much as $2.26 per share, or 9.64%, during intraday trading to trade at $21.19 on April 29, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of IBP, 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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