SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NCR Corporation - NCR
Jun 26, 2015, 11:12 ET
NEW YORK, June 26, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of NCR Corporation ("NCR" or the "Company") (NYSE: NCR). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether NCR 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 24, 2015, SeekingAlpha published an article reporting that NCR shows "numerous signs of aggressive accounting" and that "NCR's pension folly has resulted in complicated accounting and failed objectives" among other potential business issues.
On this news, shares of NCR fell $1.01 per share, or over 3.3% to close at $28.99 on April 24, 2015.
On June 24, 2014, after the close of trading, it was reported that the company's "opaque and aggressive" accounting issues were deterring potential bidders and that "[t]here is not enough financial information to make a binding bid."
On this news, NCR's stock fell $1.72 per share, or 5.2% to close at $31.30 on June 25, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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