SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of VASCO Data Security International Inc.

Jul 22, 2015, 13:10 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, July 22, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of VASCO Data Security International Inc. ("VASCO" or the "Company") (NasdaqCM: VDSI -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether VASCO and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On July 21, the Company announced, "that certain of its products which were sold by a VASCO European subsidiary to a third-party distributor may have been resold by the distributor to parties in Iran, potentially including parties whose property and interests in property may be blocked pursuant to Executive Order 13224, Executive Order 13382 or that may be identified under Section 560.304 of 31 C.F.R. Part 560 as the 'Government of Iran.'"  The Audit Committee of the Company's board of directors has initiated an internal investigation, the results of which are subject to review by the U.S. government, and the company has stopped all shipments to the distributor at issue pending resolution of the investigation.

Following this news, shares of VASCO fell $0.84 per share or 3.14% during intraday trading to trade at $25.85 on July 22, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of VASCO, 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 info@bgandg.com.  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.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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